Investments by NRI on non-repatriation basis are deemed to a domestic investment: DPIIT

The DIPP has reviewed the extant FDI policy in relation to investments made by an Indian company owned and controlled by Non-resident on a non-repatriation basis. As a result, it has clarified that Investments by NRI on non-repatriation basis under Schedule IV of FEMA (Non-debt instrument) Rules, 2019 are deemed to a domestic investment at par with the investment made by resident.The DIPP has reviewed the extant FDI policy in relation to investments made by an Indian company owned and controlled by Non-resident on a non-repatriation basis. As a result, it has clarified that Investments by NRI on non-repatriation basis under Schedule IV of FEMA (Non-debt instrument) Rules, 2019 are deemed to a domestic investment at par with the investment made by resident.taxmann.com Latest Statutory HappeningsRead More

Leave a Reply