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 ...
Source: thehindubusinessline.com