ear Members,
There are many news on amendments to current FDI policy in India.
Please share the amendments/notification if any on same.
Also as read "An entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the government route," according to a press note by the Department for Promotion of Industry and Internal Trade (DPIIT).
In my scenario the Indian company is WOS of a Singapore company which holds 99% of shares and the investment was under automatic route. Now the Indian company has proposed to make a right issue.
In my opinion this new amendment to FDI do not apply here as Singapore do not share land border nor it indirectly getting fund from any of such border sharing countries. Hence Govt approval is not necessary.
Please share your views.
Q. Curtsy
Swetha.V
amendments
clarification
Respected Members,
In Exp. III rule 2 of Companies (Significant Beneficial Owners) Amendment Rules, 2019 dt.08.02.2019 it is written that - For the purpose of this clause, an individual shall be considered to hold a right or entitlement indirectly in the reporting company, if he satisfies any of the following criteria, in respect of a member of the reporting company, namely:
(ii) where the member of the reporting company is a Hindu Undivided Family (HUF) (through Karta), and the individual is the Karta of the HUF;
My query is, in my register of members simply name of share holder is written as XYZ HUF. The fund is pulled from HUF's Account only. It is no where written that HUF is holding shares through karta. Then in such case BEN-1 and BEN 2 will applicable or not?
It will be great if someone can provide guidance on above.
amendments
Cany any on highlights the impact of New amendments for disqualification of directors and the consequent vacation of their office ?
Click here to view / answer Share it oncompanies
amendments
recent
impact
Can anyone please tell me what Amendments come in relation to Register of significant beneficial owners in a company?
Click here to view / answer Share it onbeneficial
owners
company
significant
register
come
relation
amendments
