| Foreign Direct Investment Clearances/ Foreign Technology Agreement |
| FDI/Foreign Technology Agreements in sectors/activities under automatic route are approved by RBI. FDI/Foreign Technology Agreements not covered by automatic route requires prior Government approval and are considered by FIPB. More details refer - http://www.rbi.org.in/ & http://dipp.nic.in/ |
| Activities |
Whom to Apply |
When to Apply |
Form |
Documents to be attached |
Fees |
Remarks |
| FDI-Automatic Route: |
a) On receipt of money for investment
b) On Issue of Shares |
RBI, Regional Office
RBI, Regional Office |
Report within 30 days of inward remittance
Report within 30 days of issue of shares |
FC -GPR |
Report to contain following details:
1) Name and address of foreign investors
2) Date of receipt and its rupee equivalent
3) Name & address of authorised dealer through which funds received
A.Certificate from Company Secretary re:
(1) Compliance of Companies Act,1956 (2) Company is eligible to issue shares
(3) Company has original certificates issued by A.Ds for receipt of consideration
B.Certificate from Statutory Auditors or Chartered Accountant indicating manner of arriving at price of the shares issued. |
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1) Governed by Foreign Exchange Management Act, 1999
2) For sector specific guidelines on FDI refer Chapter 3 in book DBWB |
FDI-Non Automatic Route:
a) Foreign Investorsb) NRI |
Prior Govt. approval for FIPB consideration
SIA |
|
FC-ILFC-IL |
|
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(1) Application can be submitted with Indian Missions abroad for forwarding to Dept of Economic Affairs.
(2) For FC Application no fee is payable
(3) Plain paper applications with relevant details can also be made. |
| Foreign Technology Agreements |
Automatic Route
Non Automatic Route:(1)Technical Collaboration
(2)Financial & Technical Collaboration
|
RBI, Regional OfficeSIAFIPB |
Before starting industrial unitBefore starting industrial unit
Before starting industrial unit
|
FT-RBI
FC-IL
FC-IL |
|
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(1) E.T.- 2 Weeks
Terms of payments under foreign technology collaboration includes technical know how fees, payment for design and drawing, payment for engineering service and royalty. |
| SIA: Secretariat for Industrial Assistance |
FIPB : Foreign Investment Promotion Board |
RBI: Reserve Bank of India |
