Monday, 23 November 2015

RBI issues notifications permitting foreign investments in Indian investment vehicles

In furtherance of the Government’s intent to attract foreign investments in India, the Reserve Bank of India (RBI) has issued a notification allowing foreign investments in investment vehicles regulated, inter alia, by the Securities and Exchange Board of India including Real Estate Investment Trusts, Infrastructure Investment Trusts and Alternative Investment Funds (Investment Vehicles).

The notification paves the way for foreign investors to invest in the Investment Vehicles under the automatic route and be treated as domestic investments subject to meeting stipulated conditions.

No comments:

Share sale by Passive Shareholder taxable as Long-Term Capital Gains and not Business Income irrespective of non-compete clause in the SPA

  As per Income Tax Laws, any sum received or receivable in cash or kind under an agreement for not carrying business or profession is treat...