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FEMA 120: Clarity lacking on gifting of shares, says expert - The Hindu BusinessLine

March 12, 2021 Abin Daya, Principal - Regulatory Compliance, Aquinas Consulting LLP× “Regulators should permit overseas businesses in which Indian investors have a minority interest to set up subsidiaries or enter into JVs in India” In recent times, there have also been some discussions about the Overseas Direct Investment-Foreign Direct Investment structure where an overseas entity which has received investment into it from Indian investors sets up a subsidiary or enters into a JV in India - and the permissibility/regulatory aspects around the same. However, there are ambiguities that need to be cleared, according to Abin Daya, Principal - Regulatory Compliance, Aquinas Consulting LLP, and who advises corporates on Foreign Exchange Management Act, 1999.

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