|
RBI/2017-18/194
A.P (DIR Series) Circular No.30
June
07, 2018
To
All Category – I Authorised
Dealer Banks
Madam/Sir
Foreign
Investment in India -Reporting in Single Master Form
As announced in the First Bi-monthly Monetary Policy Review dated April 5,
2018, Reserve Bank, with the objective of integrating the extant
reporting structures of various types of foreign investment in India, will
introduce a Single Master Form (SMF). The SMF would be filed online.
2. SMF would provide a facility
for reporting total foreign investment in an Indian entity {as defined
in Foreign Exchange Management (Transfer or
issue of security by a person resident outside India) Regulations 2017,
dated November 7, 2017}, as also investment by persons resident
outside India in an Investment Vehicle.
3. Prior to the implementation
of the SMF, Reserve Bank would provide an interface to the Indian entities,
to input the data on total foreign investment in a specified format. The
interface will be available on RBI website www.rbi.org.in from
June 28, 2018 to July 12, 2018. Indian entities not complying with this
pre-requisite will not be able to receive foreign investment (including
indirect foreign investment) and will be non-compliant with Foreign
Exchange Management Act, 1999 and regulations made thereunder.
4. The entities may be in
readiness with the requirements to be provided in the Entity Master
at Annex 1. The format of the SMF is
at Annex 2. The final form, when
hosted, will be available in the Master Direction-Reporting under FEMA,
1999.
5. AD Category-I banks may bring
the contents of this circular to the notice of their customers /
constituents concerned.
6. The directions contained in
this circular have been issued under sections 10(4) and 11(1) of the
Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without
prejudice to permissions / approvals, if any, required under any other law.
Yours
faithfully,
(Shekhar
Bhatnagar)
Chief General Manager in Charge
|
