India’s foreign direct investment (FDI) rules have been substantially liberalized over the past several years. Most sectors are now open to 100% FDI, meaning thereby, that the foreign companies do not need a prior approval for investment either by the Government or the Reserve Bank of India. The investors are only required to intimate the Regional office concerned of the Reserve Bank within 30 days of receipt of inward remittance. The automatic route allows Indian companies engaged in various industries to issue shares to foreign investors up to 100% of their paid up capital in Indian companies. The investors are also required to file necessary documents within 30 days of issue of shares. The following documents need to be filed with the RBI:
RegisterInIndia.com would be pleased to guide you through this automatic route. Contact us for further assistance.