Foreign Direct Investment – Reporting of issue / transfer of Shares to/by a FVCI
Transfer of equity shares / fully and mandatorily convertible debentures/ fully and mandatorily convertible preference shares (hereinafter referred to as ‘shares’) of an Indian company, from a person resident outside India (non-resident) to a person resident in India (resident) or vice versa, has to be reported to an uthorized Dealer bank within 60 days of transactions.
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