To promote easier reporting for foreign direct investment (FDI) transactions the Reserve Bank of India has amended the process of filing certain returns under the provisions of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000.

Further, the department of economic affairs has launched an upgraded, secure website for filing and processing applications for FDI transactions that require the approval of the Foreign Investment Promotion Board…

Click on the link below to read the rest of the Khaitan & Co briefing.