S. Jaykishan

Chartered Accountants

Compliance with RBI reporting for FDI

Compliance with RBI reporting for FDI

– By Khushboo Jain

To strengthen two of the major agendas currently being perused by the Government of India i.e. “Identification of Beneficial Ownership” and “Ease of Doing Business”, The Reserve Bank of India (“RBI”), apex Central Bank of India, in pursuance of regulation of foreign capital flows, has issued a Circular No. 30 dated June 7, 2018, streamlining the reporting requirement for entities which presently have Foreign capital contribution and/or entities contemplating to have foreign investments.

In this regard, RBI has announced two major forms i.e. Entry Master Form (“EMF”) and Single Master Form (“SMF”).

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