Who are recruiting agents?

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To streamline recruitment for overseas employment and to safeguard the interests of the emigrants, the Emigration Act 1983 stipulates that only recruiting agents duly registered under the Act can conduct the business of recruitment for overseas employment. How can one know that a recruiting agent (RA) is registered or not? For a list of recruiting… Read more »

What are the general permissions available to persons (individual) resident in India for purchase / acquisition of securities abroad?

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General permission has been granted to persons (individual) resident in India for purchase / acquisition of securities as under – Out of funds held in the RFC account.   As bonus shares on existing holding of foreign currency shares.   When not permanently resident in India, from the foreign currency resources outside India. General permission… Read more »

Where can one get clarifications pertaining to the guidelines on overseas investment?

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Joint Ventures/Wholly Owned Subsidiaries abroad promote economic co-operation between India and the host countries. They result in transfer of technology and skills, sharing the results of Research & Development, access to the global market, promotion of the brand image, generation of employment and utilization raw materials available in India and the host country The guidelines… Read more »

From where the postal address of the Electoral Registration Officers can be obtained ?

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Postal addresses of all Electoral Registration Officers are available on the website of Election Commission of India / Chief Electoral Officers of respective State / Union Territory (link to which has been provided on the Election Commission of India website). They can also be obtained from Indian Missions in Foreign countries. Eligibility to be registered… Read more »

Where are the guidelines pertaining to overseas direct investments available?

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The guidelines pertaining to overseas direct investments available A Master Circular titled ‘Master Circular on Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad‘, which is a compendium of all notifications/circulars incorporating the developments. The guidelines have been notified by the Reserve Bank of India vide Notification No. FEMA 120/RB-2004 dated… Read more »

What is the significance of overseas direct investments for the country and for the investor?

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A Master Circular titled ‘Master Circular on Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad‘, which is a compendium of all notifications/circulars incorporating the developments. Joint Ventures/Wholly Owned Subsidiaries abroad promote economic co-operation between India and the host countries. They result in transfer of technology and skills, sharing the results… Read more »

What documents are required to be enclosed with Form 6A?

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One recent passport size coloured photograph, duly affixed in Form 6A, photo- copies of the relevant pages of the passport containing photograph, his address in India and all other particulars of the applicant and also the page of passport containing the valid visa endorsement. Every Indian citizen staying in a foreign country, who has not… Read more »