Category: FEMA

FEMA Articles, Video, PPT, Discussion, Expert Analysis

FDI Inflows are an endorsement of India’s status as a preferred investment destination amongst global investors

Posted on by Business So Simple in FEMA

Ministry of Commerce & Industry, Press release dated 23 June 2021

India attracted US$ 6.24 billion total FDI inflow during April, 2021;


Total FDI inflows are 38% higher as compared to April, 2020;

60% increase in FDI Equity inflows amounting to US$ 4.44 billion;

FDI Inflows are an endorsement of India’s status as a preferred investment destination amongst global investors

Measures taken by the Government on the fronts of Foreign Direct Investment (FDI) policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country. The following trends in India’s Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors:

  • India has attracted total FDI inflow of US$ 6.24 billion during April, 2021and it is 38% higher as compared toApril, 2020 (US$4.53 billion).
  • During April, 2021FDI Equity inflows amountingto US$ 4.44 billion were reported in the country which is an increase of 60% over the FDI Equity inflow of April, 2020 (US$ 2.77 billion).
  • During April, 2021,Mauritius is the top investing country with 24% of the FDI Equity inflows, followed by Singapore (21%) and Japan (11%).
  • ‘Computer Software & Hardware’ has emerged as the top sector during April, 2021 with around 24%share of the total FDI Equity inflow followed by Services Sector (23%) and Education Sector (8%) respectively.
  • Karnataka is the top recipient state during April, 2021 with 31% share of the total FDI Equity inflows, followed by Maharashtra (19%) and Delhi (15%).

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DECLARATION AND PAYMENT OF DIVIDEND{Updated with all Company Law, SEBI Income tax & FEMA provisions till May 2021)

Posted on by Business So Simple in Company Law, FEMA, Financial Prudence, Income Tax, International Taxation

Dear Sir,

Please find below YouTube Link of Video on DECLARATION AND PAYMENT OF DIVIDEND{Updated with all Company Law, SEBI Income tax & FEMA provisions till May 2021)
https://www.youtube.com/watch?v=CLLl4Sw4iG0

Topic Cover

✅ Financial planning for Dividend decisions

✅ Company law provisions applicable on declaration & payment of Dividend

✅ Taxability of divided-Taxability in hands of Company & Shareholders, Withholding taxes

✅ FEMA provisions applicable on repatriation of Dividend outside India

Regards,
Bipul Kumar

Sovereign gold bond scheme- Benefits, Features & FAQs

Posted on by Business So Simple in FEMA, Financial Prudence, Income Tax

Dear Sir,

Please find below YouTube video link on Sovereign gold bond scheme- Benefits, Features & FAQs
https://youtu.be/2zAnQ1_BPy8

Topic cover

1. What is Sovereign Gold Bond (SGB)? Who is the issuer?

2. Why should I buy SGB rather than physical gold? What are the benefits?

  1. Are there any risks in investing in SGBs?
  2. Who is eligible to invest in the SGBs?
  3. Whether joint holding will be allowed?
  4. Can a Minor invest in SGB?
  5. Where can investors get the application form?
  6. What are the Know-Your-Customer (KYC) norms?
  7. Can an investor hold more than one investor ID for subscribing to the Sovereign Gold Bond?
    10. What is the minimum and maximum limit for investment?
  8. Can each member of my family buy 4Kg in their own name?
    12. Can an investor/trust buy 4 Kg/20 Kg worth of SGB every year?
  9. Is the maximum limit of 4 Kg applicable in case of joint holding?
  10. What is the rate of interest and how will the interest be paid?
  11. Who are the authorized agencies selling the SGBs?
  12. If I apply, am I assured of allotment?
  13. When will the customers be issued Holding Certificate?
  14. Can I apply online?
  15. At what price the bonds are sold?
  16. Will RBI publish the rate of gold applicable every day?
  17. What will I get on redemption?
  18. How will I get the redemption amount?
  19. What are the procedures involved during redemption?
  20. Can I encash the bond anytime I want? Is premature redemption allowed?
  21. What do I have to do if I want to exit my investment?
    26. Can I gift the bonds to a relative or friend on some occasion?
  22. Can I use these securities as collateral for loans?
    28. What are the tax implications on i) interest and ii) capital gain?
  23. Is tax deducted at source (TDS) applicable on the bond?
  24. Who will provide other customer services to the investors after issuance of the bonds?
  25. What are the payment options for investing in the Sovereign Gold Bonds?
  26. Whether nomination facility is available for these investments?
  27. Can I get the bonds in demat form?
  28. Can I trade these bonds?
  29. What is the procedure to be followed in the eventuality of death of an investor?
  30. Can I get part repayment of these bonds at the time of exercising put option?
  31. How do I contact RBI to address my queries regarding Sovereign Gold Bond ?

Regards
Bipul Kumar

Setting up Branch Office (BO) of foreign Company in India (Updated by RBI Master directions May 18, 2021)

Posted on by Business So Simple in FEMA

Dear Sir,

Please find below YouTube link of Setting up Branch Office (BO) of foreign Company in India (Updated by RBI Master directions May 18, 2021)

Topic cover

🎯 Governing Indian Laws for Branch office of Foreign Company in India

🎯 Branch Office (BO) in India-An introduction, permissible activities

🎯 General criteria for Setting up BO

🎯 Procedure for setting up BO

🎯 Opening of Bank Account by BO

🎯 Setting up Additional Offices and activities

🎯 Remittance of profit/surplus

🎯 Compliances-DGP, AAC, ROC

🎯 Taxability of Branch Offices of Foreign Company

Regards
Bipul Kumar