Home India Reserve Bank of India The Reserve Bank of India hereby makes the following amendme...
Date: 2014-03-19 Category: Extra Ordinary State: Union Government Country: India

The Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No. FEMA 20-2000-RB dated 3rd May, 2000), These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by A Person Resident Outside India) (Third Amendment) Regulations, 2014.

Issued by Reserve Bank of India · Foreign Exchange Department

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Executive Summary & Key Takeaways

Executive Summary: This notification from the Reserve Bank of India amends the Foreign Exchange Management regulations regarding the transfer or issue of security by a person resident outside India. It introduces regulations for Foreign Direct Investment (FDI) in Limited Liability Partnerships (LLPs). The amendment is effective from May 20, 2011, unless otherwise provided. LLPs that have received foreign investment between May 20, 2011, and the date of the issuance of instructions must comply with reporting requirements within 30 or 60 days from the date of issuance of these instructions. Key Points / Main Content: * **Amendment Overview** * Amends the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000. * Introduces Schedule 9, which specifies the terms and conditions for FDI in LLPs. * **Limited Liability Partnership (LLP) Definition** * LLP is defined as a partnership formed and registered under the Limited Liability Partnership Act, 2008. * **Eligible Investors for FDI in LLPs** * A person resident outside India or an entity incorporated outside India is eligible. * Ineligible investors: citizens/entities of Pakistan or Bangladesh; SEBI-registered Foreign Institutional Investors (FII), Foreign Venture Capital Investors (FVCI), Qualified Foreign Investors (QFI), or Foreign Portfolio Investors (FPI). * **Eligibility of LLPs for Accepting FDI** * LLPs operating in sectors where 100% FDI is allowed under the automatic route are eligible. * LLPs engaged in activities subject to FDI-linked performance conditions, those eligible for less than 100% FDI under the automatic route, or requiring government approval are ineligible. * LLPs involved in agricultural/plantation activities, print media or sectors ineligible for FDI cannot accept FDI. * **Eligible Investment and Entry Route** * Contribution to the capital of an LLP is an eligible investment. * FDI in LLPs requires prior Government/FIPB approval, regardless of the nature of ownership/control. * **Pricing** * FDI in an LLP should be at or above the fair price of the capital contribution/profit share, as per internationally accepted valuation norms. * A valuation certificate is required from a Chartered Accountant, Cost Accountant, or approved valuer. * Transfer of capital contribution/profit share from a resident to a nonresident must be at or above fair price. Transfers from nonresident to resident must be at or below fair price. * **Mode of Payment** * Payments for capital contributions must be made in cash through inward remittance via normal banking channels or by debit to NRE/FCNR(B) account. * **Reporting Requirements** * LLPs must report details of consideration received for capital contribution/profit shares to the Regional Office of the Reserve Bank within 30 days of receipt. Form FOREIGN DIRECT INVESTMENT-LLP (I) is specified for this purpose. * AD Category-I bank must obtain a KYC report of the foreign investor. * Disinvestment/transfer of capital contribution/profit share between resident and nonresident must be reported within 60 days using Form FOREIGN DIRECT INVESTMENT-LLP (II). * **Downstream Investment** * Indian companies with direct/indirect foreign investment can make downstream investments in LLPs if both operate in sectors with 100% FDI under the automatic route. * LLPs with FDI are not eligible to make downstream investments in any entity in India. * **Other Conditions** * If an LLP has a body corporate as a designated partner, that body corporate must be a company registered in India. * Designated partners are responsible for compliance and liable for penalties. * Conversion of a company with FDI into an LLP requires prior FIPB/Government approval. * LLPs are not permitted to avail External Commercial Borrowings (ECBs). Impact Analysis: * **Limited Liability Partnerships (LLPs)** * *Impact:* LLPs are now subject to specific regulations regarding foreign direct investment, including eligibility criteria, reporting requirements, and investment restrictions. * *Action Required:* LLPs must ensure compliance with the new regulations when receiving foreign investment, including obtaining necessary approvals, adhering to pricing guidelines, and fulfilling reporting obligations. * **Foreign Investors** * *Impact:* Foreign investors are now able to invest in LLPs in India, subject to certain eligibility criteria and conditions. * *Action Required:* Foreign investors must ensure they meet the eligibility requirements and comply with the regulations related to investment routes, pricing, and reporting. * **Authorized Dealer (AD) Category-I Banks** * *Impact:* AD Category-I banks are responsible for facilitating and reporting foreign investment transactions in LLPs. * *Action Required:* AD Category-I banks must ensure that remittances comply with the regulations and obtain KYC reports for foreign investors. They also need to report transactions to the Reserve Bank of India. * **Indian Companies with Foreign Investment** * *Impact:* Indian companies with foreign investment are now permitted to make downstream investments in LLPs, provided specific conditions are met. * *Action Required:* These companies must ensure that both they and the LLP operate in sectors allowing 100% FDI under the automatic route and comply with all applicable regulations. * **Reserve Bank of India (RBI)** * *Impact:* RBI is responsible for overseeing and enforcing the new regulations related to FDI in LLPs. * *Action Required:* RBI will monitor compliance through reporting requirements and may take action against entities that violate the regulations.

Key Entities Referenced

Reserve Bank of India: The central bank of India, responsible for regulating the Indian financial system and foreign exchange management. Foreign Exchange Management Act, 1999: An Act of the Parliament of India to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India. Foreign Exchange Management Transfer or Issue of Security by a Person Resident outside India Regulations, 2000: Regulations pertaining to the transfer or issuance of security by individuals residing outside India. Limited Liability Partnership Act, 2008: An Act of the Parliament of India that introduced the Limited Liability Partnership (LLP) form of business organization in India. Securities Exchange Board of India: The regulatory body for securities and commodity market in India under ownership of Ministry of Finance , Government of India. Foreign Direct Investment: An investment made by a firm or individual in one country into business interests located in another country. Pakistan: A country in South Asia. Bangladesh: A country in South Asia.
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L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx II—[k.M 3—mi&[k.M (i) PART II—Section 3—Sub-section (i) izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 137] ubZ fnYyh] cq/okj] ekpZ 19] 2014@iQkYxqu 28] 1935 No. 137] NEW DELHI, WEDNESDAY, MARCH 19, 2014/PHALGUNA 28, 1935 भभभभााााररररततततीीीीयययय (cid:1)(cid:1)(cid:1)(cid:1)ररररज़ज़ज़ज़वववव (cid:5)(cid:5) (cid:5)(cid:5) बबबबकक(cid:7)(cid:7)कक(cid:7)(cid:7) ( ) ििििववववददददशशशशेेेे ीीीी ममममु(cid:11)ु(cid:11)ु(cid:11)ु(cid:11)ाााा ििििववववभभभभाााागगगग ((((कककक(cid:13)(cid:13)(cid:13)(cid:13)(cid:11)(cid:11)(cid:11)(cid:11)ीीीीयययय ककककााााययययाााालल(cid:5)(cid:5)लल(cid:5)(cid:5) यययय)))) अअअअििििधधधधससससचचूूचचूू ननननाााा eqqqacbZ] 13 ekpZ] 2014 ििििववववददददशशशशेेेे ीीीी मममम(cid:11)(cid:11)ुु(cid:11)(cid:11)ुु ाााा (cid:17)(cid:17)(cid:17)(cid:17)बबबबधधंंधधंं ((((भभभभााााररररतततत सससस ेे ेेबबबबााााहहहहरररर ककककेेेे ििििननननववववााााससससीीीी (cid:20)(cid:20)(cid:20)(cid:20)ककककससससीीीी (cid:22)(cid:22)(cid:22)(cid:22)िििि(cid:24)(cid:24)(cid:24)(cid:24) (cid:26)(cid:26)(cid:26)(cid:26)ाााारररराााा (cid:17)(cid:17)(cid:17)(cid:17)ििििततततभभभभििूूििूू तततत ककककाााा अअअअततंंततंं ररररणणणण अअअअथथथथववववाााा ििििननननगगगगमम(cid:5)(cid:5)मम(cid:5)(cid:5) )))) ((((ततततततृृततृृ ीीीीयययय ससससशशंंशशंं ोोोोधधधधनननन)))) ििििववववििििननननययययममममााााववववललललीीीी,,,, 2222000011114444 Lkk-dk-fu-190(v)-ÑÑÑÑिवदशे ी मु(cid:3)ा (cid:5)बंध अिधिनयम,1999 (1999 का 42) क(cid:10) धारा 6 क(cid:10) n~~}kjk उप-धारा (3) के खंड (बी) और धारा 47 (cid:11)ारा (cid:5)द(cid:14) शि(cid:17)य(cid:19) का (cid:5)योग करत े (cid:22)ए, भारतीय (cid:24)रज़व(cid:27) ब(cid:28)क एत िवदशे ी मु(cid:3)ा (cid:5)बंध (भारत स े बाहर के िनवासी (cid:29)कसी ि(cid:17) (cid:11)ारा (cid:5)ितभूित का अंतरण अथवा िनग(cid:27)म) Eu िविनयमावली, 2000 (3 मई, 2000 क(cid:10) अिधसूचना स.ं फेमा.20/2000-आरबी) म( िन िलिखत संशोधन करता ह,ै अथा(cid:27)त~ :ÑÑÑÑ 1236 GI/2014 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 1111.... ससससििंंििंं """"#### ननननाााामममम औऔऔऔरररर (cid:17)(cid:17)(cid:17)(cid:17)ााााररररंंंंभभभभ (i) ये िविनयम िवदशे ी मु(cid:3)ा (cid:5)बंध (भारत से बाहर के िनवासी (cid:29)कसी ि(cid:17) (cid:11)ारा (cid:5)ितभूित का अंतरण अथवा िनग(cid:27)म) (तृतीय संशोधन) िविनयमावली, 2014 कहलाएगं े । (ii) *प, -प से उ0लेख के िसवाय, इस संशोधन के संबंध म( यह समझा जाएगा (cid:29)क वह 20 मई, 2011 स े लागू (cid:22)आ ह।ै 2222.... ििििववववििििननननययययमममम 2222 मममम (cid:13)(cid:13) (cid:13)(cid:13)ससससशशंंशशंं ोोोोधधधधनननन िवदशे ी मु(cid:3)ा (cid:5)बंध (भारत से बाहर के िनवासी (cid:29)कसी ि(cid:17) (cid:11)ारा (cid:5)ितभूित का अंतरण अथवा िनग(cid:27)म) िविनयमावली, 2000 (3 मई, 2000 क(cid:10) अिधसूचना स.ं फेमा.20/2000-आरबी) म(, िविनयम 2 म(, खंड (vii) के बाद, िनEu िलिखत नया खंड जोड+k जाएगा, अथा(cid:27)त~ : ÑÑÑÑ “(viiए) `सीिमत दये ता भागीदारी (एलएलपी)’ का ता9पय(cid:27) ऐसी भागीदारी स े ह ै जो सीिमत दये ता भागीदारी अिधिनयम, 2008 के तहत ग(cid:24)ठत और पंजीकृत क(cid:10) गई ह।ै " 3333.... ििििववववििििननननययययमममम 5555 मममम (cid:13)(cid:13) (cid:13)(cid:13)ससससशशंंशशंं ोोोोधधधधनननन िविनयम 5 म,( उप-िविनयम (8) के बाद, िनEu िलिखत नया उप-िविनयम जोM+k जाएगा अथा(cid:27)त~ :ÑÑÑÑ “ (9) भारत से बाहर का िनवासी कोई ि(cid:17) (पा(cid:29)क*तान अथवा बां>लादशे के नाग(cid:24)रक के अलावा ) या भारत स े बाहर िनगिमत एटं ीटी (पा(cid:29)क*तान या बां>लादशे क(cid:10) एटं ीटी के अलावा) जो सबे ी के पास पंजीकृत िवदशे ी सं*थागत िनवेशक अथवा िवदशे ी जोिखम पूंजी िनवेशक अथवा अहत(cid:27) ा (cid:5)ा? िवदशे ी िनवेशक अथवा सेबी के (cid:29)दशा- िनदश@ (cid:19) के अनुसार पंजीकृत िवदशे ी पोट(cid:27)फोिलयो िनवेशक नहC ह,ै (cid:5)9यD िवदशे ी िनवेश के अंतग(cid:27)त एलएलपी क(cid:10) पूंजी संरचना म( पूंजी म( अंशदान अथवा शेयर(cid:19) के अज(cid:27)न/लाभ के अंतरण (cid:11)ारा अनसु ूची 9 म( िविनEद, शतF के तहत िवदशे ी पूंजी का अंशदान कर सकता ह।ै '' +h 4. मौजूदा अनुसूची 8 के बाद, नयी अनुसूची 9 जोड जाएगी । [ la- iQsek- 298@2014&vkj ch] #æ ukjk;.k dj] izHkkjh eq[; egkizca/d पपपपाााादददद (cid:1)(cid:1)(cid:1)(cid:1)टटटट''''पपपपणणणणीीीी :::: i v II ( ) मूल िविनयमावली सा.का.िन. संGया 406 ( ), (cid:29)दनांक 08.05.2000 के (cid:11)ारा सरकारी राजपH के भाग , खंड 3, उप खंड (i), म( (cid:5)कािशत और बाद म( िनEuk नुसार संशोिधत क(cid:10) गयी थी: ÑÑÑÑ Lkk-dk-fu- la- 158(अ) (cid:29)दनाकं 02.03.2001 Lkk-dk-fu- la- 175(अ) (cid:29)दनांक 13.03.2001 Lkk-dk-fu- la- 182(अ) (cid:29)दनाकं 14.03.2001 Lkk-dk-fu- la- 4(अ) (cid:29)दनांक 02.01.2002¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 3 Lkk-dk-fu- la- 574(अ) (cid:29)दनाकं 19.08.2002 Lkk-dk-fu- la- 223(अ) (cid:29)दनाकं 18.03.2003 Lkk-dk-fu- la- 225(अ) (cid:29)दनांक 18.03.2003 Lkk-dk-fu- la- 558(अ) (cid:29)दनांक 22.07.2003 Lkk-dk-fu- la- 835(अ) (cid:29)दनांक 23.10.2003 Lkk-dk-fu- la- 899(अ) (cid:29)दनांक 22.11.2003 Lkk-dk-fu- la- 12(अ) (cid:29)दनांक 07.01.2004 Lkk-dk-fu- la- 278(अ) (cid:29)दनांक 23.04.2004 Lkk-dk-fu- la- 454(अ) (cid:29)दनांक 16.07.2004 Lkk-dk-fu- la- 625(अ) (cid:29)दनांक 21.09.2004 Lkk-dk-fu- la- 799(अ) (cid:29)दनांक 08.12.2004 Lkk-dk-fu- la- 201(अ) (cid:29)दनांक 01.04.2005 Lkk-dk-fu- la- 202(अ) (cid:29)दनांक 01.04.2005 Lkk-dk-fu- la- 504(अ) (cid:29)दनांक 25.07.2005 Lkk-dk-fu- la- 505(अ) (cid:29)दनांक 25.07.2005 Lkk-dk-fu- la- 513(अ) (cid:29)दनांक 29.07.2005 Lkk-dk-fu- la- 738(अ) (cid:29)दनांक 22.12.2005 Lkk-dk-fu- la- 29(अ) (cid:29)दनांक 19.01.2006 Lkk-dk-fu- la- 413(अ) (cid:29)दनांक 11.07.2006 Lkk-dk-fu- la- 712(अ) (cid:29)दनांक 14.11.2007 Lkk-dk-fu- la- 713(अ) (cid:29)दनांक 14.11.2007 Lkk-dk-fu- la- 737(अ) (cid:29)दनांक 29.11.2007 Lkk-dk-fu- la- 575(अ) (cid:29)दनांक 05.08.2008 Lkk-dk-fu- la- 896(अ) (cid:29)दनाकं 30.12.2008 Lkk-dk-fu- la- 851(अ) (cid:29)दनांक 01.12.2009 Lkk-dk-fu- la- 341 (अ) (cid:29)दनाकं 21.04.2010 (ii) यह *प, (cid:29)कया जाता ह ै (cid:29)क इन िविनयम(cid:19) को पूव(cid:27) ापी (cid:5)भाव (cid:29)दये जाने के प(cid:24)रणाम*व-प (cid:29)कसी भी ि(cid:17) +s पर कोई (cid:5)ितकूल (cid:5)भाव नही पडगा ।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] अअअअननननससुुससुु चचूूचचूू ीीीी 9999 [दखे ( िविनयम 5(9)] fDr भभभभााााररररतततत सससस ेे ेे बबबबााााहहहहरररर ककककेेेे ििििननननववववााााससससीीीी (cid:20)(cid:20)(cid:20)(cid:20)ककककससससीीीी (cid:22)(cid:22)(cid:22)(cid:22) (cid:26)(cid:26)(cid:26)(cid:26)ाााारररराााा ससससीीीीििििममममतततत ददददययययेेेे तततताााा भभभभाााागगगगीीीीददददााााररररीीीी फफफफमममम (cid:5)(cid:5) (cid:5)(cid:5) ((((LLLLLLLLPPPP)))) मममम (cid:13)(cid:13) (cid:13)(cid:13) पपपपजजूंूंजजूंूं ीीीी अअअअंशंशंशंशददददाााानननन अअअअथथथथववववाााा शशशशेयेयेयेयरररर ककककेेेे ललललााााभभभभााााजजजजनन(cid:5)(cid:5)नन(cid:5)(cid:5) ////अअअअततंंततंं ररररणणणण ककककेेेे ििििललललएएएए ययययोोोोजजजजननननाााा यह योजना सीिमत दये ता भागीदारी अिधिनयम, 2008 के अंतग(cid:27)त ग(cid:24)ठत और पंजीकृत सीिमत दये ता भागीदारी फम(cid:27) (LLP) म( (cid:5)9यD िवदशे ी िनवेश (FDI-LLP) क(cid:10) योजना कहलाएगी । 1111.... पपपपाााा++++ ििििननननववववशशेेशशेे कककक :::: fDr भारत से बाहर का कोई िनवासी कोई अथवा भारत स े बाहर िनगिमत कोई एटं ीटी एलएलपी म( एफडीआई के (cid:5)योजन के िलए पाH िनवेशक होगा/होगी। हालां(cid:29)क, िनJिलिखत एलएलपी म( िनवेश के िलए पाH नहC ह(cid:19)गे : (i) पा(cid:29)क*तान और बां>लादशे का नाग(cid:24)रक/एटं ीटी, अथवा (ii) सेबी के पास पंजीकृत िवदशे ी सं*थागत िनवेशक, अथवा (iii) सेबी के पास पंजीकृत िवदशे ी जोिखम पूंजी िनवेशक, अथवा (iv) सेबी के पास पंजीकृत अहत(cid:27) ा (cid:5)ा? िवदशे ी िनवेशक, अथवा (v) भारतीय (cid:5)ितभूित और िविनमय बोड(cid:27) (िवदशे ी पोट(cid:27)फोिलयो िनवेशक) िविनयमावली, 2014 के अनुसार पंजीकृत िवदशे ी पोट(cid:27)फोिलयो िनवेशक । 2222.... ििििववववददददशशशशेेेे ीीीी ििििननननववववशशेेशशेे ,,,,ववववीीीीककककााााररररनननन ेे ेेककककेेेे ििििललललयययय ेे ेे एएएएललललएएएएललललपपपपीीीी कककक.... पपपपाााा++++तततताााा (i) Xu एलएलपी, मौजूदा अथवा नयी, जो उन DेH(cid:19) म( प(cid:24)रचालन करती ह ै / गितिविधय(cid:19) म( संल ह ै जहा ं (cid:5)9यD िवदशे ी िनवेश योजना के अंतग(cid:27)त *वचािलत माग(cid:27) के तहत 100% (cid:5)9यD िवदशे ी िनवेश क(cid:10) अनुमित ह,ै (cid:5)9यD िवदशे ी िनवेश (cid:5)ा? करन े के िलए पाH होगी। ऐसे DेH(cid:19) का सुिनँ चय करन े के िलए, समय-समय पर यथासंशोिधत 3 मई, 2000 क(cid:10) अिधसूचना स.ं फेमा. 20/2000-आरबी क(cid:10) अनुसूची 1 का अनुबंध 'बी' दखे ( । (ii) Eu Xu िन िलिखत DेH(cid:19) / गितिविधय(cid:19) म( संल एलएलपी (cid:5)9यD िवदशे ी िनवेश *वीकारने के िलए पाH नहC ह(cid:19)गी: (ए) *वचािलत माग(cid:27) के अंतग(cid:27)त 100% (cid:5)9यD िवदशे ी िनवेश *वीकारन े के िलए पाH DेH Mकतु जो bZ एफडीआ से संबN िनOपादन संबंधी शतF के तहत ह (cid:28) (उदाहरण के िलए: गैर ब(cid:28)Mकग िव(cid:14)ीय कंपिनय(cid:19) अथवा टाउनिशप के िवकास, आवास (हाउPसग), इQRा*STचर का िनमा(cid:27)ण और कQ*STशन डवे लपम(ट (cid:5)ोजेTट के िलये, यथा लागू, Qयूनतम पूंजीकरण मानक); अथवा (बी) *वचािलत माग(cid:27) के अंतग(cid:27)त 100% से कम (cid:5)9यD िवदशे ी िनवेश *वीकारन े के िलए पाH DेH; अथवा सी) सरकारी अनुमोदन माग(cid:27) के अंतग(cid:27)त (cid:5)9यD िवदशे ी िनवेश *वीकारन े के िलए पाH DेH; अथवा (डी) कृिष/Uलांटेशन गितिविध और P(cid:5)ट मीिडया; अथवा¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 5 (ई) (cid:5)9यD िवदशे ी िनवेश *वीकारन े के िलए अपाH DेH अथा(cid:27)त मौजूदा (cid:5)9यD िवदशे ी िनवेश नीित के अंतग(cid:27)त िनिषN (cid:29)कसी DेH (3 मई, 2000 क(cid:10) अिधसूचना सं. फेमा. 20/ 2000-आरबी क(cid:10) अनुसूची 1 का Xu संल क 'ए') के साथ-साथ समय-समय पर यथासशं ोिधत (3 मई, 2000 क(cid:10) अिधसूचना सं. फेमा.1/2000-आरबी के िविनयम 4(बी) के अनुसार िनिषN DेH/गितिविधया ं । 3333.... पपपपाााा++++ ििििननननववववशशेेशशेे (cid:29)कसी एलएलपी क(cid:10) पूंजी म( अंशदान इस योजना के अंतग(cid:27)त पाH िनवेश होगा । ननननोोोोटटटट:::: 'लाभ क(cid:10) भागीदारी' के (cid:11)ारा िनवेश अज(cid:27)न के पुनWनवेश क(cid:10) Xेणी म( आयेगा । 4444.... (cid:17)(cid:17)(cid:17)(cid:17)ववववशशेेशशेे ममममाााागगगग (cid:5)(cid:5) (cid:5)(cid:5) (cid:29)कसी एलएलपी म( (cid:5)9यD िवदशे ी िनवेश के िलए सरकारी / िवदशे ी िनवेश संवध(cid:27)न बोड (cid:27) के पूव(cid:27) अनुमोदन क(cid:10) अपेDा होगी । (cid:29)कसी एलएलपी म( (cid:29)कसी भी -प म( िवदशे ी िनवेश, चाह े (cid:5)9यD हो या अ(cid:5)9यD हो, के िलए सरकारी/िवदशे ी िनवेश संवध(cid:27)न बोड(cid:27) के अनुमोदन क(cid:10) अपेDा होगी (भल े ही भारतीय कंपनी के '*वािम9व' अथवा 'िनयंHण' का *व-प कैसा भी Tय(cid:19) न हो) । 5555.... कककक....ममममतततत ििििननननधधधधाााारर(cid:5)(cid:5)रर(cid:5)(cid:5) णणणण पूंजी म( अंशदान अथवा शेयर(cid:19) के लाभाज(cid:27)न के अंतरण के माफ(cid:27)त एलएलपी म( (cid:5)9यD िवदशे ी िनवेश हते ु क(cid:10)मत िनधा(cid:27)रण (cid:29)कसी अंतरा(cid:27)Yीय -प से *वीकार क(cid:10) गयी (cid:5)णाली/बाज़ार वहार के अनुसार *वीकृत मू0यांकन मानक(cid:19) के अनुसार आकिलत उिचत मू0य से अिधक अथवा समान होगा (इसके बाद (cid:29)कसी एलएलपी के पूंजी अंशदान/ शेयर के लाभ के उिचत मू0य के -प म( उि0लिखत) और इस आशय का (cid:5)माणपH (cid:29)कसी सनदी लेखाकार अथवा पेशेवर कॉ*ट एकाउंट(ट अथवा क((cid:3) सरकार के पैनल के अनुमो(cid:29)दत मू0यांकनकता (cid:27) (cid:11)ारा जारी (cid:29)कया जाएगा। (cid:29)कसी िनवासी से (cid:29)कसी अिनवासी को पूंजी अंशदान/शेयर-लाभ के अंतरण के मामले म(, एलएलपी के पूंजी अंशदान/शेयर-लाभ के िलए (cid:5)ितफल 'उिचत मू0य' के समान अथवा उसस े अिधक होगा। इसके अलावा, (cid:29)कसी अिनवासी स े (cid:29)कसी िनवासी को पूंजी अंशदान/शेयर-लाभ के अंतरण हते ु (cid:5)ितफल एलएलपी के पूंजी अंशदान/शेयर-लाभ के उिचत मू0य से कम अथवा समान होगा। 6666.... (cid:20)(cid:20)(cid:20)(cid:20)ककककससससीीीी पपपपाााा++++ ििििननननववववशशेेशशेे कककक ककककेेेे ििििललललयययय ेे ेेभभभभगगुुगगुु तततताााानननन ककककाााा ततततररररीीीीककककाााा (cid:29)कसी पाH िनवेशक (cid:11)ारा एलएलपी के पूंजी अंशदान के िलये भुगतान क(cid:10) अनुमित केवल नकद -प म( (cid:5)ा? (cid:5)ितफल के -प म( होगी - (i) सामाQय ब(cid:28)Mकग चैनल से आवक िव(cid:5)ेषण के -प म( ; अथवा (ii) I (cid:29)कसी (cid:5)ािधकृत ापारी Xेणी ब(cid:28)क के पास रखे संबंिधत ि(cid:17) के एनआरई/एफसीएनआर (बी) खाते को नामे करके। 7777.... (cid:1)(cid:1)(cid:1)(cid:1)ररररपपपपोोोो////टटटटगगगग (i) एलएलपी पूंजी म( अंशदान और शेयर-लाभ(cid:19) हते ु (cid:5)ा? (cid:5)ितफल रािश का [योरा, समय-समय पर, (cid:24)रज़व (cid:27) ब(cid:28)क (cid:11)ारा िविनEद, फाम(cid:27) (cid:5)9यD िवदशे ी िनवेश–एलएलपी (I) म( एफआयआरसी क(cid:10) (cid:5)ित/(cid:5)ितय(cid:19) के साथ,6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] िजसम( िव(cid:5)ेषण क(cid:10) (cid:5)ाि? का सा\य हो, अिनवासी िनवेशक के संबंध म( केवायसी (cid:24)रपोट(cid:27), (cid:5)ािधकृत ापारी Xेणी I ब(cid:28)क के माफ(cid:27)त, क(cid:10)मत िनधा(cid:27)रण के सबं ंध म( मू0यन (cid:5)माणपH (उपयु(cid:27)(cid:17) पैरा]ाफ 4 के अनुसार) सिहत, (cid:5)ितफल रािश क(cid:10) (cid:5)ाि? क(cid:10) तारीख से यथाशी^ Mकत ु 30 (cid:29)दन(cid:19) के भीतर (cid:24)रज़व(cid:27) ब(cid:28)क के संबंिधत DेHीय काया(cid:27)लय को (cid:24)रपोट(cid:27) कर(। संबंिधत DेHीय काया(cid:27)लय (cid:11)ारा (cid:24)रपोट(cid:27) क(cid:10) पावती दी जाएगी जो (cid:24)रपोट(cid:27) क(cid:10) गयी रािश के िलये यूआयएन आबं(cid:24)टत करेगा। (ii) I भारत म( िव(cid:5)ेषण (cid:5)ा? करने वाला (cid:5)ािधकृत ापारी Xेणी ब(cid:28)क रािश िव(cid:5)ेिषत करन े वाले िवदशे ी िनवेशक के संबंध म( केवायसी उसके समु(cid:3)पारीय ब(cid:28)क स े (cid:5)ा? करे। (iii) (cid:29)कसी िनवासी और (cid:29)कसी अिनवासी के बीच (अथवा िवपय(cid:27)य) पूंजी म( अंशदान अथवा शेयर-लाभ के िविनवेश/अंतरण के संबंध म( िनिधय(cid:19) क(cid:10) (cid:5)ाि? क(cid:10) तारीख से 60 (cid:29)दन(cid:19) के भीतर, समय-समय पर, (cid:24)रज़व (cid:27) ब(cid:28)क (cid:11)ारा िविनEद, (cid:5)9यD िवदशे ी िनवेश-एलएलपी (II) म( (cid:24)रपोट(cid:27) करेगा । 8888.... डडडडााााउउउउनननन,,,,2222ीीीीमममम ििििननननववववशशेेशशेे (ए) (cid:29)कसी भारतीय कंपनी को (ऐसे िवदशे ी िनवेश के (cid:5)ितशत पर िवचार (cid:29)कय े िबना चाह े वह (cid:5)9यD हो या अ(cid:5)9यD) को एलएलपी म( डाउन*Sीम िनवेश करन े क(cid:10) अनुमित तभी होगी जब दोन(cid:19) अथा(cid:27)त कंपनी और एलएलपी ऐसे DेH म( प(cid:24)रचालन कर रही ह(cid:19) जहां 100% (cid:5)9यD िवदशे ी िनवेश क(cid:10) अनुमित *वचािलत माग(cid:27) के अंतग(cid:27)त अनुमत ह ै और एफडीआय सबं N िनOपादन क(cid:10) शत_ नहC ह।ै कंपनी अिधिनयम के उपबंध(cid:19) के अंतग(cid:27)त पंजीकृत भारतीय कंपनी से िनवेश *वीकार करन े वाली एलएलपी का यह दािय9व होगा क(cid:10) वह डाउन*Sीम अपेDा से संबंिधत यथा लागू अनुपालन सुिनि`त करे । (बी) इस योजना के अंतग(cid:27)त (cid:5)9यD िवदशे ी िनवेश वाली कोई एलएलपी भारत म( (cid:29)कसी भी एटं ीटी म( िनवेश करन े के िलए पाH नहC होगी। 9999.... अअअअ3333यययय शशशशतततत 44 44 (i) य(cid:29)द (cid:5)9यD िवदशे ी िनवेश (cid:5)ा?कता (cid:27) (cid:29)कसी एलएलपी का नािमत भागीदार कोई कंपनी िनकाय ह ै अथवा सीिमत दये ता भागीदारी अिधिनयम, 2008 क(cid:10) धारा 7 के उपबंध(cid:19) के अनुसार नािमत पाट(cid:27)नर के -प म( काय(cid:27) करन े के िलए (cid:29)कसी ि(cid:17) को नािमत करता ह ै तो ऐसा कंपनी िनकाय कंपनी अिधिनयम के अंतग(cid:27)त यथा लागू भारत म( पंजीकृत कोई कंपनी ही हो सकती ह ै और कोई अQय िनकाय नहC, जैसे (cid:29)क कोई अQय एलएलपी अथवा S*ट । ऐसी एलएलपी के िलए नािमत पाट(cid:27)नर सीिमत दये ता भागीदारी अिधिनयम, 2008 क(cid:10) धारा 7(1) के *प,ीकरण के अंतग(cid:27)त यथाप(cid:24)रभािषत 'भारत म( िनवासी ि(cid:17) क(cid:10) अपेDा को पूरा करता हो जैसा(cid:29)क िवदशे ी मु(cid:3)ा (cid:5)बंध अिधिनयम, 1999 क(cid:10) धारा 2 (v)(i) म( िविनEद, ह।ै (ii) नािमत पाट(cid:27)नर उि0लिखत सभी शतF के अनुपालन के िलए उ(cid:14)रदायी होगा और एलएलपी (cid:11)ारा (cid:29)कए गए (cid:29)कसी उ0लंघन, य(cid:29)द कोई, के िलए लगाए जाने वाले दbड का भी भागी होगा। (iii) (cid:5)9यD िवदशे ी िनवेश वाली कंपनी के (cid:29)कसी एलएलपी म( प(cid:24)रवत(cid:27)न होन े क(cid:10) अनुमित तभी दी जाएगी जब उ(cid:17) िविनदश@ न (भुगतान के *व-प संबंधी िविनदश@ न के अलावा) पूरे होत े ह(cid:19) और त9संबंध म( एफआयपीबी / सरकार का पूवा(cid:27)नुमोदन भी हो । (iv) एलएलपी को ईसीबी लेन े क(cid:10) अनुमित नहC दी जाएगी । 10. 20 मई 2011 से (cid:24)रज़व (cid:27) ब(cid:28)क (cid:11)ारा इस संबंध म( अनुदशे जारी करन े क(cid:10) तारीख के बीच एलएलपी (cid:11)ारा (cid:5)ा? िवदशे ी िनवेश के संबंध म( वे इन अनुदशे (cid:19) के जारी होन े क(cid:10) तारीख से 30 अथवा 60 (cid:29)दन(cid:19), यथा लागू, अपेDानुसार (cid:24)रपोcटग पूरी कर(गे।¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 7 (cid:1)(cid:1)(cid:1)(cid:1)(cid:2)(cid:2)(cid:2)(cid:2)यययय(cid:4)(cid:4)(cid:4)(cid:4) ििििववववददददेशेशेशेशीीीी ििििननननववववशशेेशशेे ----एएएएललललएएएएललललपपपपीीीी ((((IIII)))) फफफफाााामममम (cid:16)(cid:16) (cid:16)(cid:16) इइइइसससस ययययोोोोजजजजननननाााा ककककेेेे अअअअततंंततंं गगगगतत(cid:16)(cid:16)तत(cid:16)(cid:16) पपपपजजूंूंजजूंूं ीीीी मममम (cid:28)(cid:28) (cid:28)(cid:28)अअअअशशंंशशंं ददददाााानननन औऔऔऔरररर शशशशययेेययेे रररर(cid:31)(cid:31)(cid:31)(cid:31) ककककेेेे ललललााााभभभभााााजजजजनननन(cid:16)(cid:16)(cid:16)(cid:16) ककककेेेे ििििललललएएएए एएएएललललएएएएललललपपपपीीीी ####ाााारररराााा (cid:1)(cid:1)(cid:1)(cid:1)ििििततततफफफफलललल ररररााााििििशशशश कककक$$$$ (cid:1)(cid:1)(cid:1)(cid:1)ाााािििि%%%% ककककेेेे ससससबबंंबबंं धधंंधधंं मममम (cid:28)(cid:28) (cid:28)(cid:28)((((ररररपपपपोोोोटटटट (cid:16)(cid:16)(cid:16) (cid:16) (एलएलपी (cid:6)ारा (cid:9)ितफल रािश क(cid:15) (cid:9)ाि(cid:16) क(cid:15) तारीख से 30 (cid:17)दन(cid:20) के भीतर उसक(cid:15) घोषणा करने के िलए (cid:9)ािधकृत (cid:31)ापारी ेणी-I ब"क के मा$यम से भारतीय &रज़व ) ब"क के उस *े+ीय काया)लय के पास, िजसके *े+ािधकार म , घोषणा करने वाली एलएलपी ि-थत ह,ै फाइल (cid:17)कया जाए । ) आयकर िवभाग (cid:6)ारा िनवेिशती (investee) एलएलपी को आबं&टत -थायी खाता स ं (पैन) सससस..ंं..ंं ****ययययोोोोररररेेेे ((((++++पपपप,,,, अअअअ(cid:4)(cid:4)(cid:4)(cid:4)रररर(cid:31)(cid:31)(cid:31)(cid:31) मममम))))(cid:28)(cid:28)(cid:28)(cid:28) 1. एलएलपी का नाम पंजीकृत काया)लय का पता रा4य फै6स न.ं टेलीफोन न.ं ई-मेल एलएलपी के रिज-7ार काया)लय (cid:6)ारा दी गयी पहचान सं. पंजीकरण क(cid:15) तारीख 6या मौजूदा एलएलपी ह ैअथवा नई एलएलपी ह ै मौजूदा एलएलपी/ नई एलएलपी (जो लागू न हो उस े काट द, ) मौजूदा एलएलपी के मामले म , (cid:9)=य* िवदेशी िनवेश के िलए भारतीय &रज़व ) ब"क (cid:6)ारा आबं&टत पंजीकरण सं., अगर कोई हो तो, द,। 2222.... ििििववववददददेशेशेशेशीीीी ििििननननववववशशेेशशेे कककक ककककेेेे ****ययययोोोोररररेेेे नाम नािमत पाट)नर क(cid:15) पहचान सं. पता देश िनवेशकता) एंटीटी का गठन/-व?प उ@लेख कर, (cid:17)क8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 1. (cid:31)िA 2. एलएलपी 3. कंपनी 4. िवदेशी 7-ट 5. (cid:9)ायवेट ई(cid:17)Cटी फंड 6. प,शन/ (cid:9)ािवडंट फंड 7. सरकारी धनसंपदा िनिधया1ं 8. साझेदारी/-वािम=ववाली फम ) 9. िवEीय सं-था 10. अिनवासी भारतीय/भारतीय मूल का (cid:31)िA 11. अGय (कृपया उ@लेख कर,) ह।ै 3. िनिधय(cid:20) क(cid:15) (cid:9)ाि(cid:16) क(cid:15) तारीख 4. रािश ििििववववददददेशेशेशेशीीीी मममम..ुु..ुु ाााा मममम (cid:28)(cid:28)(cid:28)(cid:28) भभभभााााररररततततीीीीयययय ////पपपपयययय ेेेेमममम (cid:28)(cid:28)(cid:28)(cid:28) 5. एलएलपी क(cid:15) गितिविध (i) मुIय कारोबारी गितिविध का Jयोरा एनआयसी कोड (ii) यह पुिK क(cid:15) जाती ह ै (cid:17)क (cid:9)=य* िवदेशी िनवेश हहहहाााा//ंं//ंंननननहहहह1111 नीित के अनुसार -वचािलत माग) के तहत 100% (cid:9)=य* िवदेशी िनवेश क(cid:15) अनुमित ह ै िजसके साथ (cid:9)=य* िवदेशी िनवेश संबंधी िनMपादन शत ) नहN ह।ै (iii) सरकारी अनुमोदन का Jयोरा [अनुमोदन प+ क(cid:15) स.ं और तारीख ((cid:9)ितिलिप संलO कर, )] 6. Ikzkf/Ñr O;kikjh cSad dl ftlds ekiQZr fcizsषण izkIr gqvk 7. Ikzkf/Ñr O;kikjh cSad dk irk 1 सरकार(cid:10) धन िनिध का अथ (cid:16) है सरकार(cid:10) िनवेश संःथा, (cid:24)जसका िनधीयन (cid:27)वदेशी मुिागत प#रसंप(cid:27)$य% &ारा 'कया जाता हो और जो मौ'िक ूािधकरण% क- शासक-य #रज़व (cid:16) िनिधय% से अलग उन प#रसंप(cid:27)$य% का ूबंध करता हो। िनवेश (cid:9)ा(cid:16)कता) एलएलपी के (cid:9)ािधकृत ह-ता*री का (cid:9)ािधकृत (cid:31)ापारी के (cid:9)ािधकृत ह-ता*री का ह-ता*र ह-ता*र (मुहर) (मुहर)¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 9 ककककेेेेववववलललल भभभभााााररररततततीीीीयययय ((((ररररज़ज़ज़ज़वववव (cid:16)(cid:16)(cid:16)(cid:16)बबबबकक33कक33 ककककेेेे उउउउपपपपययययोोोोगगगग ककककेेेे ििििललललएएएए:::: (cid:1)(cid:1)(cid:1)(cid:1)ाााा%%%% ििििवववव(cid:1)(cid:1)(cid:1)(cid:1)षषेेषषेे णणणण ककककेेेे ििििललललएएएए ययययआआआआूूूू ईईईईएएएएनननन एएएएललललएएएएललललपपपपीीीी ककककेेेे (cid:1)(cid:1)(cid:1)(cid:1)ााााििििधधधधककककृृृृतततत (cid:1)(cid:1)(cid:1)(cid:1)ििििततततििििननननििििधधधध ####ाााारररराााा फफफफााााइइइइलललल कककक$$$$ जजजजााााननननववेेववेे ााााललललीीीी घघघघोोोोषषषषणणणणाााा :::: (जो लागू न हो उस े काट कर ह-ता*र ककककररररककककेेेे (cid:1)(cid:1)(cid:1)(cid:1)ममममााााििििणणणणतततत कर,) हम एतद(cid:6)ारा घोिषत करत ेह "(cid:17)क : 1. हम समय-समय पर यथासंशोिधत 3 मई, 2000 क(cid:15) अिधसूचना सं. फेमा.20/2000-आरबी म , दशा)ए अनुसार पूंजी म ,अंशदान और शेयर लाभ के िलए (cid:9)(cid:17)Pया का अनुपालन करते ह।" 2. एफआयपीबी के (cid:17)दनांक ………… के अनुमोदन सं. ……. के अनुसार पूंजी अशं दान/ शेयर लाभ के िलए अिनवासी िनवेशक को िलखत जारी (cid:17)कये गये ह "। 3. हम 3 मई, 2000 क(cid:15) अिधसूचना सं. फेमा 20/2000-आरबी के अनुपालन म , िनQिलिखत द-तावेज संलO कर रह ेह ": — (i) हमारे नािमत पाट)नर (cid:6)ारा यह (cid:9)मािणत करते Rए एक (cid:9)माण-प+ (cid:17)क: (ए) एलएलपी अिधिनयम, 2008 क(cid:15) सभी अपे*ाए ं परू ी कर ली गयी ह;" (बी) सरकारी अनुमोदन क(cid:15) शतS का अनुपालन कर िलया गया ह;ै (सी) एलएलपी इन िविनयम(cid:20) के तहत पूंजी अंशदान और शेयर लाभ जारी करन ेक(cid:15) पा+ ह ैऔर (डी) 3 मई, 2000 क(cid:15) अिधसूचना सं.फेमा.20/2000-आरबी के अनुसार (cid:9)ितफल धन (cid:9)ाि(cid:16) के सबूत के तौर पर भारत म ,(cid:9)ािधकृत (cid:31)ापा&रय(cid:20) (cid:6)ारा जारी सभी मलू (cid:9)माण-प+ एलएलपी के पास मौजूद ह।" (ii) भारत स े बाहर रहन े वाल े (cid:31)िA को जारी पूंजी अशं दान/शेयर-लाभ क(cid:15) उिचत क(cid:15)मत िनयत करने के तरीके का उ@लेख करत े Rए सनदी लेखाकार/का-ट एकाउंटsaट/क,T सरकार (cid:6)ारा पैनल के अनुमो(cid:17)दत मू@यांकनकता ) से (cid:9)ा(cid:16) (cid:9)माण-प+ । 4. (cid:9)ा(cid:16) और यहा ं &रपोट) (cid:17)कये गये िवदेशी िनवेश का उपयोग धन शोधन िनवारण अिधिनयम, 2002 और गैर कानूनी गितिविध (िनरोध) अिधिनयम, 1967 के उपबंध(cid:20) का अनुपालन करते Rए (cid:17)कया जाएगा । 5. पूंजी अशं दान और शेयर-लाभ के अजन) के िलए अब तक (cid:9)ितफल-व?प (cid:9)ा(cid:16) िव(cid:9)ेषण(cid:20) के िलए भारतीय &रजव ) ब"क (cid:6)ारा जारी यूआई नंबर । आर आर (आवेदक के ह-ता*र)* : (नाम -पK अ*र(cid:20) म), : (ह-ता*री का पदनाम) : -थान : (cid:17)दनांकः10 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (*नािमत पाट)नर/एलएलपी के (cid:9)ािधकृत ह-ता*रकता )(cid:6)ारा ह-ता*&रत हो) ििििननननववववशशेेशशेे ++++ववववीीीीककककाााारररर ककककररररननननववेेववेे ााााललललीीीी एएएएललललएएएएललललपपपपीीीी ककककेेेे नािमत पाट)नर/ (cid:9)ािधकृत ह-ता*रकता ) ####ाााारररराााा फफफफााााइइइइलललल 8888ककककययययाााा जजजजाााानननन ेे ेेववववााााललललाााा (cid:1)(cid:1)(cid:1)(cid:1)ममममााााणणणण----पपपप9999 :::: [3 मई, 2000 क(cid:15) अिधसूचना सं. फेमा. 20/2000-आरबी क(cid:15) अनुसूची 1 के पैरा 9(1)(बी)(i) के अनुसार] उपयु)A Jयोर(cid:20) के संबंध म ,हम िनQानुसार (cid:9)मािणत करत ेह ": 1. एलएलपी अिधिनयम, 2008 क(cid:15) सभी अपे*ाW को परू ा (cid:17)कया गया ह।ै 2. सरकारी अनुमोदन क(cid:15) शत,X य(cid:17)द कोई ह(cid:20), का अनुपालन (cid:17)कया गया ह।ै 3. इन िविनयम(cid:20) के अधीन पूंजी अशं दान/ शेयर-लाभ जारी करने के िलए एलएलपी पा+ ह।ै 4. एलएलपी के पास सभी मूल (cid:9)माण-प+ मौज़ूद ह " जो भारत म , (cid:9)ािधकृत (cid:31)ापारी णे ी I ब"क(cid:20) (cid:6)ारा जारी (cid:17)कए गए ह," और जो 3 मई 2000 क(cid:15) अिधसूचना स.ं फेमा. 20/2000-आरबी के अनुसार (cid:9)ितफल रािश क(cid:15) (cid:9)ाि(cid:16) के सबूत ह।" (एलएलपी के नािमत पाट)नर/ (cid:9)ािधकृत ह-ता*रकता) का नाम और ह-ता*र) (मुहर) ककककेेेेववववलललल भभभभााााररररततततीीीीयययय ((((ररररजजजजवववव (cid:16)(cid:16) (cid:16)(cid:16)बबबबकक33कक33 ककककेेेे (cid:1)(cid:1)(cid:1)(cid:1)ययययोोोोगगगगााााथथथथ (cid:16)(cid:16)(cid:16)(cid:16) एएएएफफफफडडडडीीीीआआआआयययय////एएएएललललएएएएललललपपपपीीीी ककककेेेे ििििललललएएएए पपपपजजजजंंंं ीीीीककककररररणणणण ननननबबंंबबंं रररर:::: ििििवववव(cid:1)(cid:1)(cid:1)(cid:1)षषेेषषेे णणणण कककक$$$$ (cid:1)(cid:1)(cid:1)(cid:1)ाााािििि%%%% ककककेेेे ससससममममयययय ककककंंंंपपपपननननीीीी ककककोोोो आआआआबबबब((ंं((ंं टटटटतततत RRRR ययययआआूूआआूू ईईईईएएएएनननन फफफफाााामममम (cid:4)(cid:4) (cid:4)(cid:4)एएएएफफफफडडडडीीीीआआआआयययय////एएएएललललएएएएललललपपपपीीीी ((((IIIIIIII)))) एएएएललललएएएएललललपपपपीीीी ककककेेेे पपपपजजजजूंूंूंूं ीीीी अअअअशशंंशशंं ददददाााानननन////शशशशययेेययेे रररर----ललललााााभभभभ ककककेेेे ििििननननववववााााससससीीीी सससस ेे ेे अअअअििििननननववववााााससससीीीी ककककोोोो //// अअअअििििननननववववााााससससीीीी सससस ेे ेे ििििननननववववााााससससीीीी ककककोोोो अअअअततंंततंं ररररणणणण ककककेेेे ससससबबंंबबंं धधंंधधंं ीीीी घघघघोोोोषषषषणणणणाााा----पपपप(cid:12)(cid:12)(cid:12)(cid:12) (ििििननननििििधधधधयययय(cid:16)(cid:16)(cid:16)(cid:16) कककक(cid:18)(cid:18)(cid:18)(cid:18) (cid:19)(cid:19)(cid:19)(cid:19)ाााािििि(cid:20)(cid:20)(cid:20)(cid:20) सससस ेे ेे 60 (cid:23)(cid:23)(cid:23)(cid:23)ददददनननन ककककेेेे भभभभीीीीततततरररर, 4 (cid:19)(cid:19)(cid:19)(cid:19)ििििततततयययय(cid:16)(cid:16)(cid:16)(cid:16) मममम,(cid:28)(cid:28)(cid:28)(cid:28) (cid:19)(cid:19)(cid:19)(cid:19)ााााििििधधधधककककृृृृतततत (cid:30)(cid:30)(cid:30)(cid:30)ाााापपपपााााररररीीीी (cid:31)(cid:31)(cid:31)(cid:31)णणणणेेेे ीीीी I बबबबकक""कक"" कककक(cid:18)(cid:18)(cid:18)(cid:18) शशशशााााखखखखाााा ककककोोोो (cid:19)(cid:19)(cid:19)(cid:19)&&&&ततततततततुुुु (cid:23)(cid:23)(cid:23)(cid:23)ककककययययाााा जजजजााााएएएए)))) ििििनननन((((ििििललललििििखखखखतततत दददद&&&&ततततााााववववजजजजेेेे ससससललललंंंं ---- हहहह "" "":::: भभभभााााररररतततत मममम (cid:28)(cid:28) (cid:28)(cid:28)ििििननननववववााााससससीीीी (cid:30)(cid:30)(cid:30)(cid:30)िििि//// 0000ाााारररराााा एएएएललललएएएएललललपपपपीीीी ककककेेेे पपपपजजजजूंूंूंूं ीीीी अअअअशशंंशशंं ददददाााानननन////शशशशययेेययेे रररर----ललललााााभभभभ ककककेेेे अअअअततततंंंं ररररणणणण ककककेेेे ििििललललएएएए---- I. ििििबबबब2222ेेेेतततताााा औऔऔऔरररर 2222ेेेेतततताााा अअअअथथथथववववाााा उउउउननननककककेेेे ििििववववििििधधधधववववतततत ििििननननयययय//ुु//ुु एएएएजजजजटट(cid:28)(cid:28)टट(cid:28)(cid:28) 0000ाााारररराााा ििििववववििििधधधधववववतततत हहहह&&&&तततताााा88889999ररररतततत ससससहहहहममममिििितततत-पपपप(cid:12)(cid:12)(cid:12)(cid:12) औऔऔऔरररर ददददससससूूूू ररररेेेे ममममााााममममलललल ेे ेेमममम (cid:28)(cid:28) (cid:28)(cid:28)हहहहललललफफफफननननााााममममाााा ससससललललंंंं ---- (cid:23)(cid:23)(cid:23)(cid:23)ककककययययाााा जजजजााााएएएए ।।।। II. भभभभााााररररतततत सससस ेे ेे बबबबााााहहहहरररर ककककेेेे ििििननननववववााााससससीीीी (cid:23)(cid:23)(cid:23)(cid:23)ककककससससीीीी (cid:30)(cid:30)(cid:30)(cid:30)िििि//// 0000ाााारररराााा पपपपजजजजूंूंूंूं ीीीी अअअअशशंंशशंं ददददाााानननन//// शशशशययेेययेे रररर----ललललााााभभभभ ककककेेेे अअअअजजजजनननन(cid:4)(cid:4)(cid:4)(cid:4) ककककेेेे बबबबाााादददद इइइइननननवववव&&ेे&&ेे टटटटीीीी एएएएललललएएएएललललपपपपीीीी 0000ाााारररराााा पपपपजजजजूंूंूंूं ीीीी अअअअशशंंशशंं ददददाााानननन////शशशशययययेेेे रररर----ललललााााभभभभ हहहहोोोो<<<<====डडडडगगगग ककककाााा पपपपटटैैटटैै नननन (cid:4)(cid:4) (cid:4)(cid:4)।।।। III. ससससननननददददीीीी ललललखखेेखखेे ााााककककाााारररर////ककककाााा&&&&टटटट एएएएककककााााउउउउंंंं टटटटंंटटंंटट////ककककेेेे@@@@ ससससररररककककाााारररर ककककेेेे पपपपनननैैनैै लललल ककककेेेे अअअअननननमममुुमुु ोोोो(cid:23)(cid:23)(cid:23)(cid:23)ददददतततत मममम===ूू=ूू ययययााााकककंंकंं ननननककककतततताााा (cid:4)(cid:4) (cid:4)(cid:4) 0000ाााारररराााा शशशशययेेययेे रररर(cid:16)(cid:16)(cid:16)(cid:16) ककककेेेे उउउउििििचचचचतततत मममम==ूू==ूू यययय ककककेेेे ससससबबंंबबंं धधंंधधंं मममम (cid:28)(cid:28) (cid:28)(cid:28)(cid:19)(cid:19)(cid:19)(cid:19)ममममााााणणणण-पपपप(cid:12)(cid:12)(cid:12)(cid:12) ।।।।¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 11 IV. 2222ेेेेतततताााा 0000ाााारररराााा इइइइसससस आआआआशशशशयययय ककककाााा घघघघोोोोषषषषणणणणाााापपपप(cid:12)(cid:12)(cid:12)(cid:12) (cid:23)(cid:23)(cid:23)(cid:23)कककक ववववहहहह पपपपजजूंूंजजूंूं ीीीी अअअअशशंंशशंं ददददाााानननन////शशशशययेेययेे रररर----ललललााााभभभभ अअअअAAAAजजजजतततत ककककररररनननन ेे ेे ककककेेेे ििििललललएएएए पपपपाााा(cid:12)(cid:12)(cid:12)(cid:12) हहहहै ै ै ै अअअअथथथथाााातत(cid:4)(cid:4)तत(cid:4)(cid:4) 2222ेेेेतततताााा अअअअथथथथववववाााा ििििवववव2222ेेेेतततताााा 0000ाााारररराााा आआआआववववBBBBययययकककक ससससररररककककााााररररीीीी अअअअननननमममुुमुु ोोोोददददनननन (cid:19)(cid:19)(cid:19)(cid:19)ाााा(cid:20)(cid:20)(cid:20)(cid:20) ककककरररर ििििललललययययाााा गगगगययययाााा हहहह ैैैै औऔऔऔरररर ससससररररककककााााररररीीीी अअअअननननममममुुुु ोोोोददददनननन कककक(cid:18)(cid:18)(cid:18)(cid:18) शशशशततततCCCC ककककोोोो पपपपररूूररूू ाााा ककककरररर ििििललललययययाााा गगगगययययाााा हहहह,ैैैै उउउउननननमममम (cid:28)(cid:28) (cid:28)(cid:28)ववववAAAAणणणणतततत ििििववववददददशशेेशशेे ीीीी ििििननननववववशशेेशशेे ससससीीीीममममााााDDDD ककककेेेे ससससााााथथथथ----ससससााााथथथथ कककक(cid:18)(cid:18)(cid:18)(cid:18)ममममतततत ििििननननधधधधाााारर(cid:4)(cid:4)रर(cid:4)(cid:4) णणणण ससससबबंंबबंं ििंंििंं धधधधतततत (cid:23)(cid:23)(cid:23)(cid:23)ददददशशशशाााा----ििििननननददददशशEEशशEE (cid:16)(cid:16)(cid:16)(cid:16) ककककाााा अअअअननननपपपपुुुु ााााललललनननन (cid:23)(cid:23)(cid:23)(cid:23)ककककययययाााा गगगगययययाााा हहहह ैै ैै।।।। भभभभााााररररतततत सससस ेे ेेबबबबााााहहहहरररर ककककेेेे ििििननननववववााााससससीीीी (cid:23)(cid:23)(cid:23)(cid:23)ककककससससीीीी (cid:30)(cid:30)(cid:30)(cid:30)िििि//// 0000ाााारररराााा पपपपजजजजूंूंूंूं ीीीी अअअअशशंंशशंं ददददाााानननन////शशशशययेेययेे रररर----ललललााााभभभभ ककककेेेे ससससबबबबंंंं धधंंधधंं मममम (cid:28)(cid:28) (cid:28)(cid:28)अअअअिििितततत9999रररर//// दददद&&&&ततततााााववववजजेेजजेे ।।।। V. आआआआययययककककरररर (cid:19)(cid:19)(cid:19)(cid:19)ााााििििधधधधककककााााररररीीीी////ससससननननददददीीीी ललललखखेेखखेे ााााककककाााारररर////ककककाााा&&&&टटटट एएएएककककााााउउउउंंंंटटटटंंटटंंटट////पपपपशशेेशशेे ववेेववेे रररर ककककंंंंपपपपननननीीीी ससससििििचचचचवववव 0000ाााारररराााा ककककरररर बबबबबबेेबबेे ााााकककक(cid:18)(cid:18)(cid:18)(cid:18) (cid:19)(cid:19)(cid:19)(cid:19)ममममााााणणणण-पपपप(cid:12)(cid:12)(cid:12)(cid:12) ।।।। 1 एएएएललललएएएएललललपपपपीीीी ककककाााा ननननाााामममम पपपपतततताााा ((((इइइइ----ममममेलेलेलेल, टटटटेेललेेललीीीीफफफफोोोोनननन नननन..ंं..ंं, फफफफैैैै(cid:3)(cid:3)(cid:3)(cid:3)सससस नननन..ंं..ंं ससससििििहहहहतततत)))) गगगगििििततततििििववववििििधधधध पपपपहहहहचचचचाााानननन सससस..ंं..ंं ((((एएएएललललएएएएललललपपपपीीीीआआआआइइइइएएएएनननन)))) 2 ललललननेेननेे ----ददददेनेनेनेन ककककाााा (cid:12)(cid:12)(cid:12)(cid:12)वववव(cid:14)(cid:14)(cid:14)(cid:14)पपपप ििििननननववववााााससससीीीी सससस ेे ेे अअअअििििननननववववााााससससीीीी ककककोोोो अअअअततंंततंं ररररणणणण//// अअअअििििननननववववााााससससीीीी सससस ेे ेे ििििननननववववााााससससीीीी ककककोोोो अअअअततंंततंं ररररणणणण (जजजजोोोो ललललाााागगगग ूू ूूनननन हहहहोोोो, उउउउसससस ेे ेेककककााााटटटट दददद(cid:18)(cid:18)))(cid:18)(cid:18))) 3 (cid:19)(cid:19)(cid:19)(cid:19)ेेेेतततताााा ककककाााा ननननाााामममम ििििननननववववेशेशेशेशकककक एएएएंटंटंटंटीीीीटटटटीीीी ककककाााा गगगगठठठठनननन////(cid:12)(cid:12)(cid:12)(cid:12)वववव(cid:14)(cid:14)(cid:14)(cid:14)पपपप उ(cid:2)लेख कर(cid:9) (cid:10)क : 1. (cid:11)ि(cid:13) 2. एलएलपी 3. कंपनी 4. िवदेशी (cid:14)(cid:15)ट 5. (cid:17)ायवेट ई(cid:10)(cid:22)टी फंड 6. प(cid:9)शन/ (cid:17)ािवडंट फंड 7. सरकारी धनसंपदा िनिधया2ं 8. साझेदारी/(cid:15)वािम(cid:31)व वाली फम 9. िव!ीय सं(cid:15)था 10. अिनवासी भारतीय/ भारतीय मूल का (cid:11)ि(cid:13) 11. अ%य (कृपया उ(cid:2)लेख कर(cid:9)) ह ै। ििििननननगगगग(cid:24)म(cid:24)म(cid:24)म(cid:24)मनननन कककक(cid:25)(cid:25)(cid:25)(cid:25) ततततााााररररीीीीखखखख औऔऔऔरररर (cid:12)(cid:12)(cid:12)(cid:12)थथथथाााानननन (cid:19)(cid:19)(cid:19)(cid:19)ेेेेतततताााा ककककाााा पपपपतततताााा (इइइइ----ममममेलेलेलेल, टटटटेेललेेललीीीीफफफफोोोोनननन नननन..ंं..ंं, फफफफैैैै(cid:3)(cid:3)(cid:3)(cid:3)सससस नननन..ंं..ंं ससससििििहहहहतततत)))) 5 ििििवववव(cid:19)(cid:19)(cid:19)(cid:19)ेेेेतततताााा ककककाााा ननननाााामममम ििििववववििििननननववववशशेेशशेे कककक पपपपााााटटटट(cid:24)(cid:24)नन(cid:24)(cid:24)ननरररर ककककाााा गगगगठठठठनननन////(cid:12)(cid:12)(cid:12)(cid:12)वववव(cid:14)(cid:14)(cid:14)(cid:14)पपपप उ(cid:2)लेख कर(cid:9) (cid:10)क 1. (cid:11)ि(cid:13) 2. एलएलपी 2 सरकार(cid:10) धन िनिध का अथ (cid:16) है सरकार(cid:10) िनवेश संःथा, (cid:24)जसका िनधीयन (cid:27)वदेशी मुिागत प#रसंप(cid:27)$य% &ारा 'कया जाता हो और जो मौ'िक ूािधकरण% क- शासक-य #रज़व (cid:16) िनिधय% से अलग उन प#रसंप(cid:27)$य% का ूबंध करता हो ।12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 3. कंपनी 4. िवदेशी (cid:14)(cid:15)ट 5. (cid:17)ायवेट ई(cid:10)(cid:22)टी फंड 6. प(cid:9)शन/ (cid:17)ािवडंट फंड 7. सरकारी धनसंपदा िनिधयां3 8. साझेदारी/(cid:15)वािम(cid:31)ववाली फम 9. िव!ीय सं(cid:15)था 10. अिनवासी भारतीय/ भारतीय मूल का (cid:11)ि(cid:13) 11. अ%य (कृपया उ(cid:2)लेख कर(cid:9)) ह।ै ििििननननगगगग(cid:24)म(cid:24)म(cid:24)म(cid:24)मनननन कककक(cid:25)(cid:25)(cid:25)(cid:25) ततततााााररररीीीीखखखख औऔऔऔरररर (cid:12)(cid:12)(cid:12)(cid:12)थथथथाााानननन (cid:19)(cid:19)(cid:19)(cid:19)ेेेेतततताााा ककककाााा पपपपतततताााा (इइइइ----ममममेलेलेलेल, टटटटेेललेेललीीीीफफफफोोोोनननन नननन..ंं..ंं, फफफफैैैै(cid:3)(cid:3)(cid:3)(cid:3)सससस नननन..ंं..ंं ससससििििहहहहतततत)))) 6 एएएएफफफफआआआआययययपपपपीीीीबबबबीीीी ककककेेेे पपपपववूूववूू (cid:24)(cid:24) (cid:24)(cid:24)अअअअननननममुुममुु ोोोोददददनननन)))) ककककाााा ****ययययोोोोरररराााा 7 एएएएललललएएएएललललपपपपीीीी ककककेेेे अअअअततंंततंं ,,,,ररररतततत ----ककककयययय ेे ेेजजजजाााानननन ेेेेववववाााालललल ेे ेेपपपपजजूंूंजजूंूं ीीीी अअअअशशंंशशंं ददददाााानननन अअअअथथथथववववाााा शशशशययेेययेे रररर----ललललााााभभभभ सससस ेे ेेससससबबंंबबंं ििंंििंंधधधधतततत ****ययययोोोोरररराााा ललललननेेननेे ----ददददेनेनेनेन कककक(cid:25)(cid:25)(cid:25)(cid:25) ततततााााररररीीीीखखखख पपपपजजूंूंजजूंूं ीीीी अअअअंशंशंशंशददददाााानननन//// शशशशययेेययेे रररर---- ममममू2ू2ू2ू2यययय 3333पपपपयययय ेे ेेमममम (cid:18)(cid:18)(cid:18)(cid:18) अअअअततंंततंं ररररणणणण* ककककेेेे ििििललललएएएए ततततयययय 1111ििििततततफफफफलललल ररररााााििििशशशश 3333पपपपयययय ेे ेे ललललााााभभभभ ककककाााा 1111ििििततततशशशशतततत कककक(cid:25)(cid:25)(cid:25)(cid:25) गगगगययययीीीी कककक(cid:25)(cid:25)(cid:25)(cid:25)ममममतततत ((((3333.)))) मममम(cid:18)(cid:18) (cid:18)(cid:18) 8 एएएएललललएएएएललललपपपपीीीी मममम (cid:18)(cid:18) (cid:18)(cid:18) ििििववववददददेेशशेेशशीीीी पपपपजजूंूंजजूंूं ीीीी अअअअशशंंशशंं ददददाााानननन////शशशशययेेययेे रररर----ललललााााभभभभ 1111ििििततततशशशशतततत ििििननननववववेशेशेशेश अअअअततंंततंं ररररणणणण ककककेेेे पपपपहहहहलललल ेेेे अअअअततंंततंं ररररणणणण ककककेेेे बबबबाााादददद ममममू2ू2ू2ू2यययय ििििननननधधधधाााारर(cid:24)(cid:24)रर(cid:24)(cid:24) णणणण ससससंबंबंबंबधधंंधधंं ीीीी ----ददददशशशशाााा----ििििननननदददद5श5श5श5श)))) ककककेेेे अअअअननननससुुससुु ाााारररर कककक(cid:25)(cid:25)(cid:25)(cid:25)ममममतततत* *ममममू2ू2ू2ू2ययययनननन ,,,,ररररपपपपोोोोटटटट(cid:24)(cid:24) (cid:24)(cid:24) ((((ससससननननददददीीीी ललललखखेेखखेे ााााककककाााारररर////ककककाााा(cid:12)(cid:12)(cid:12)(cid:12)टटटट एएएएककककााााउउउउंंंंटटटटंंटटंंटट////कककक(cid:18)(cid:18)(cid:18)(cid:18)6666 ससससररररककककाााारररर ककककेेेे पपपपननैैननैै लललल ककककेेेे अअअअननननममुुममुु ोोोो----ददददतततत मममम22ूू22ूू ययययााााककंंककंं ननननककककतततताााा (cid:24)(cid:24) (cid:24)(cid:24) 7777ाााारररराााा ----ददददययययाााा गगगगययययाााा 1111ममममााााणणणण-पपपप8888 ससससललंंललंं 9999 ककककरररर(cid:18)(cid:18)(cid:18)(cid:18) )))) अअअअततंंततंं ररररणणणणककककतततताााा (cid:24)(cid:24) (cid:24)(cid:24)////अअअअततंंततंं ,,,,ररररततततीीीी 7777ाााारररराााा घघघघोोोोषषषषणणणणाााा मममम//<<//<<हहहहमममम घघघघोोोोििििषषषषतततत ककककररररतततताााा ====//ँँ//ँँककककररररतततत ेे ेेहहहह << <<----कककक :::: i. ऊऊऊऊपपपपरररर ----ददददयययय ेे ेेगगगगयययय ेे ेे****ययययौौौौररररेेेे ममममेरेरेरेरीीीी////हहहहममममााााररररीीीी जजजजााााननननककककााााररररीीीी औऔऔऔरररर ििििववववBBBBाााासससस ककककेेेे अअअअननननुसुसुसुसाााारररर ससससहहहहीीीी हहहह << <<।।।। ii. भभभभााााररररतततत ससससररररककककाााारररर 7777ाााारररराााा जजजजााााररररीीीी ििििववववददददेेशशेेशशीीीी ििििननननववववशशेेशशेे ननननीीीीिििितततत ककककेेेे अअअअननननुसुसुसुसाााारररर औऔऔऔरररर फफफफेेेेममममाााा ििििववववििििननननययययममममााााववववललललीीीी ककककेेेे अअअअततंंततंं गगगगतत(cid:24)(cid:24)तत(cid:24)(cid:24) ययययथथथथाााा अअअअििििधधधधससससििूूििूूचचचचतततत एएएएललललएएएएललललपपपपीीीी ककककेेेे पपपपजजूंूंजजूंूं ीीीी अअअअशशंंशशंं ददददाााानननन////शशशशययेेययेे रररर----ललललााााभभभभ ककककाााा मममम//<<//<<ककककेेेे हहहहमममम धधधधााााररररकककक थथथथाााा////थथथथ ेे ेे।।।। iii. भभभभााााररररतततत ससससररररककककाााारररर 7777ाााारररराााा जजजजााााररररीीीी ििििववववददददेेशशेेशशीीीी ििििननननववववशशेेशशेे ननननीीीीिििितततत ककककेेेे अअअअननननुसुसुसुसाााारररर औऔऔऔरररर फफफफेेेेममममाााा ििििववववििििननननययययममममााााववववललललीीीी ककककेेेे अअअअततंंततंं गगगगतत(cid:24)(cid:24)तत(cid:24)(cid:24) ययययथथथथाााा अअअअििििधधधधससससििूूििूूचचचचतततत एएएएललललएएएएललललपपपपीीीी ककककेेेे पपपपजजूंूंजजूंूं ीीीी अअअअशशंंशशंं ददददाााानननन////शशशशययेेययेे रररर----ललललााााभभभभ ककककेेेे अअअअजजजजनन(cid:24)(cid:24)नन(cid:24)(cid:24) ककककेेेे ििििललललएएएए मममम//<<//<<हहहहमममम पपपपाााा8888 हहहह << <<।।।। iv. ससससररररककककााााररररीीीी अअअअननननममुुममुु ोोोोददददनननन ककककेेेे अअअअननननससुुससुु ाााारररर ििििववववददददेशेशेशेशीीीी ििििननननववववेशेशेशेश ससससीीीीममममाााा औऔऔऔरररर कककक(cid:25)(cid:25)(cid:25)(cid:25)ममममतततत ििििननननधधधधाााारर(cid:24)(cid:24)रर(cid:24)(cid:24) णणणण ससससंबंबंबंबधधंंधधंं ीीीी ----ददददशशशशाााा----ििििननननदददद55शश55शश)))) ककककाााा पपपपााााललललनननन ----ककककययययाााा गगगगययययाााा हहहह ैै ैै।।।। घघघघोोोोषषषषणणणणाााा ककककररररनननन ेेेेववववाााालललल ेे ेेययययाााा ििििववववििििधधधधववववतततत 1111ााााििििधधधधककककृृृृतततत एएएएजजजजटटंंटटंं ककककेेेे हहहह(cid:12)(cid:12)(cid:12)(cid:12)ततततााााFFFFरररर ----ददददननननााााककंंककंं ननननोोोोटटटट :::: ििििननननववववााााससससीीीी सससस ेे ेे अअअअििििननननववववााााससससीीीी ककककोोोो एएएएललललएएएएललललपपपपीीीी ककककेेेे पपपपजजूंूंजजूंूं ीीीी अअअअशशंंशशंं ददददाााानननन////शशशशेयेयेयेयरररर----ललललााााभभभभ ककककेेेे अअअअततंंततंं ररररणणणण ससससंबंबंबंबधधंंधधंं ीीीी घघघघोोोोषषषषणणणणाााा अअअअििििननननववववााााससससीीीी (cid:19)(cid:19)(cid:19)(cid:19)ेेेेतततताााा 7777ाााारररराााा हहहह(cid:12)(cid:12)(cid:12)(cid:12)ततततााााFFFF,,,,ररररतततत कककक(cid:25)(cid:25)(cid:25)(cid:25) जजजजााााएएएए औऔऔऔरररर अअअअििििननननववववााााससससीीीी सससस ेे ेे ििििननननववववााााससससीीीी ककककोोोो एएएएललललएएएएललललपपपपीीीी ककककेेेे पपपपजजूंूंजजूंूं ीीीी अअअअशशशशंंंं ददददाााानननन////शशशशययेेययेे रररर----ललललााााभभभभ ककककेेेे अअअअततंंततंं ररररणणणण ससससबबंंबबंं धधंंधधंं ीीीी घघघघोोोोषषषषणणणणाााा अअअअििििननननववववााााससससीीीी ििििवववव(cid:19)(cid:19)(cid:19)(cid:19)ेेेेतततताााा 7777ाााारररराााा हहहह(cid:12)(cid:12)(cid:12)(cid:12)ततततााााFFFF,,,,ररररतततत कककक(cid:25)(cid:25)(cid:25)(cid:25) जजजजााााएएएए ।।।। 3 सरकार(cid:10) धन िनिध का अथ (cid:16) है सरकार(cid:10) िनवेश संःथा, (cid:24)जसका िनधीयन (cid:27)वदेशी मुिागत प#रसपं (cid:27)$य% &ारा 'कया जाता हो और जो मौ'िक ूािधकरण% क- शासक-य #रज़व (cid:16) िनिधय% से अलग उन प#रसंप(cid:27)$य% का ूबंध करता हो ।¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 13 1111ााााििििधधधधककककृृृृतततत GGGGाााापपपपााााररररीीीी बबबबकक<<कक<< शशशशााााखखखखाााा 7777ाााारररराााा 1111ममममााााणणणण----पपपप8888 ययययहहहह 1111ममममााााििििणणणणतततत ----ककककययययाााा जजजजाााातततताााा हहहह ैै ैै----कककक आआआआववववददेेददेे नननन-पपपप8888 ससससभभभभीीीी 1111ककककाााारररर सससस ेे ेेपपपपणणूूणणूू (cid:24)(cid:24) (cid:24)(cid:24)हहहह ैै ैै।।।। ललललननेेननेे ----ददददेनेनेनेन ससससंबंबंबंबधधंंधधंं ीीीी धधधधननननररररााााििििशशशश कककक(cid:25)(cid:25)(cid:25)(cid:25) 1111ााााििििHHHH////भभभभगगुुगगुु तततताााानननन फफफफेेेेममममाााा ििििववववििििननननययययममममााााववववललललीीीी////,,,,ररररज़ज़ज़ज़वववव (cid:24)(cid:24) (cid:24)(cid:24)बबबबकक<<कक<< ककककेेेे ----ददददशशशशाााा----ििििननननदददद5श5श5श5श)))) ककककेेेे अअअअननननुसुसुसुसाााारररर हहहह ैै ैै।।।। हहहह(cid:12)(cid:12)(cid:12)(cid:12)ततततााााFFFFरररर अअअअििििधधधधककककााााररररीीीी ककककाााा ननननाााामममम औऔऔऔरररर पपपपददददननननाााामममम ----ददददननननााााककंंककंं 1111ााााििििधधधधककककृृृृतततत GGGGाााापपपपााााररररीीीी बबबबकक<<कक<< कककक(cid:25)(cid:25)(cid:25)(cid:25) शशशशााााखखखखाााा ककककाााा ननननाााामममम 1111ााााििििधधधधककककृृृृतततत GGGGाााापपपपााााररररीीीी बबबबकक<<कक<< कककक(cid:25)(cid:25)(cid:25)(cid:25) शशशशााााखखखखाााा ककककाााा ककककोोोोडडडड अअअअििििननननववववााााससससीीीी ििििननननववववशशेेशशेे कककक ककककेेेे ससससबबंंबबंं धधंंधधंं मममम (cid:28)(cid:28) (cid:28)(cid:28)अअअअपपपपनननन ेे ेेFFFFााााहहहहकककक ककककोोोो जजजजाााानननननननन ेे ेे((((ककककेेेेववववााााययययससससीीीी)))) ससससबबंंबबंं धधंंधधंं ीीीी फफफफाााामममम (cid:4)(cid:4)(cid:4)(cid:4) ििििवववव(cid:19)(cid:19)(cid:19)(cid:19)षषेेषषेे कककक////ििििननननववववशशेेशशेे कककक ककककाााा पपपपजजंंजजंं ीीीीककककृृृृतततत ननननाााामममम (ननननाााामममम यययय(cid:23)(cid:23)(cid:23)(cid:23)दददद ििििननननववववशशेेशशेे कककक ककककोोोोईईईई (cid:30)(cid:30)(cid:30)(cid:30)िििि//// हहहह))ैै))ैै पपपपजजंंजजंं ीीीीककककररररणणणण ससससIIंंIIंं ययययाााा**** ((((ययययआआुुआआुु ईईईईएएएएनननन, यययय(cid:23)(cid:23)(cid:23)(cid:23)दददद ििििवववव(cid:19)(cid:19)(cid:19)(cid:19)षषेेषषेे कककक ककककोोोोईईईई (cid:30)(cid:30)(cid:30)(cid:30)िििि//// हहहह))ैै))ैै पपपपजजंंजजंं ीीीीककककृृृृतततत पपपपतततताााा ((((&&&&थथथथााााययययीीीी पपपपतततताााा, यययय(cid:23)(cid:23)(cid:23)(cid:23)दददद ििििवववव(cid:19)(cid:19)(cid:19)(cid:19)षषेेषषेे कककक ककककोोोोईईईई (cid:30)(cid:30)(cid:30)(cid:30)िििि//// हहहह))ैै))ैै ििििवववव(cid:19)(cid:19)(cid:19)(cid:19)षषेेषषेे कककक बबबबकक""कक"" ककककाााा ननननाााामममम ििििवववव(cid:19)(cid:19)(cid:19)(cid:19)षषेेषषेे कककक बबबबकक""कक"" ककककाााा खखखखाााातततताााा ससससIIंंIIंं ययययाााा ििििवववव(cid:19)(cid:19)(cid:19)(cid:19)षषेेषषेे कककक ककककेेेे ससससााााथथथथ बबबबJJ""JJ"" ककककगगगग ससससबबंंबबंं धधंंधधंं (cid:16)(cid:16)(cid:16)(cid:16) कककक(cid:18)(cid:18)(cid:18)(cid:18) अअअअववववििििधधधध * ििििवववव(cid:19)(cid:19)(cid:19)(cid:19)षषेेषषेे कककक ककककेेेे ददददशशेेशशेे मममम (cid:28)(cid:28) (cid:28)(cid:28)(cid:19)(cid:19)(cid:19)(cid:19)चचचचििििललललतततत ििििवववव(cid:19)(cid:19)(cid:19)(cid:19)षषषषेेेे कककक कककक(cid:18)(cid:18)(cid:18)(cid:18) ससससददददााााशशशशययययतततताााा ककककोोोो (cid:19)(cid:19)(cid:19)(cid:19)ममममााााििििणणणणतततत ककककररररनननन ेेेेववववााााललललाााा पपपपााााससससपपपपोोोोटटटट(cid:4)(cid:4) (cid:4)(cid:4) नननन..ंं..ंं, ससससााााममममााााििििजजजजकककक ससससररररुुुु 8888ाााा नननन..ंं..ंं, अअअअथथथथववववाााा ककककोोोोईईईई अअअअLLLLयययय ययययििुुििुु ननननकककक नननन..ंं..ंं।।।। हहहहमममम पपपपििुुििुुMMMM ककककररररतततत ेे ेेहहहह "" ""(cid:23)(cid:23)(cid:23)(cid:23)कककक ऊऊऊऊपपपपरररर ददददीीीी गगगगययययीीीी ससससभभभभीीीी ससससचचूूचचूू ननननााााएएएएं ं ं ं अअअअििििननननववववााााससससीीीी ििििननननववववशशशेेशेे कककक ककककेेेे ससससमममम@@@@ुुुु पपपपााााररररीीीीयययय ििििवववव(cid:19)(cid:19)(cid:19)(cid:19)षषषषेेेे कककक बबबबकक""कक"" 0000ाााारररराााा उउउउपपपपललललOOOOधधधध ककककरररराााानननन ेे ेेककककेेेे अअअअननननससुुससुु ाााारररर ससससPPPPयययय औऔऔऔरररर ससससहहहहीीीी हहहह "" ""।।।। (ििििवववव(cid:19)(cid:19)(cid:19)(cid:19)षषेेषषेे णणणण (cid:19)(cid:19)(cid:19)(cid:19)ाााा(cid:20)(cid:20)(cid:20)(cid:20) ककककररररनननन ेे ेेववववाााालललल ेे ेे(cid:19)(cid:19)(cid:19)(cid:19)ााााििििधधधधककककृृृृतततत (cid:30)(cid:30)(cid:30)(cid:30)ाााापपपपााााररररीीीी बबबबकक""कक"" ककककेेेे (cid:19)(cid:19)(cid:19)(cid:19)ााााििििधधधधककककृृृृतततत अअअअििििधधधधककककााााररररीीीी ककककेेेे हहहह&&&&तततताााा8888रररर)))) (cid:23)(cid:23)(cid:23)(cid:23)ददददननननााााककककंंंं &&&&थथथथाााानननन ममममहहुुहहुु रररर RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 13th March, 2014 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Third Amendment) Regulations, 2014 G.S.R. 190 (E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following14 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No. FEMA 20/2000-RB dated 3rd May, 2000) namely: — 1. Short Title & Commencement: — (i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by A Person Resident Outside India) (Third Amendment) Regulations, 2014. (ii) Save as expressly provided, the amendment shall be deemed to have come into force from 20th day of May 2011. 2. Amendment to Regulation 2 In the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No. FEMA 20/2000-RB dated 3rd May, 2000), in Regulation 2, after clause (vii), the following new clause shall be inserted, namely: — “(viiA) ‘Limited Liability Partnership (LLP)’ means a partnership formed and registered under the Limited Liability Partnership Act, 2008.” 3. Amendment to Regulation 5 In Regulation 5, after the sub-regulation (8), the following new sub-Regulation shall be added, namely: — “(9) A person resident outside India (other than a citizen of Pakistan or Bangladesh) or an entity incorporated outside India, (other than an entity in Pakistan or Bangladesh), not being a registered Foreign Institutional Investor or Foreign Venture Capital Investor or Qualified Foreign Investor registered with SEBI or Foreign Portfolio Investor registered in accordance with SEBI guidelines, may contribute foreign capital either by way of capital contribution or by way of acquisition/transfer of profit shares in the capital structure of an LLP under Foreign Direct Investment, subject to the terms and conditions as specified in Schedule 9.” 4. After the existing Schedule 8, new “Schedule 9” shall be added. [No. FEMA. 298/2014-RB] RUDRA NARAYAN KAR, Chief General Manager-in-Charge Foot Note : (i) The Principal Regulations were published in the Official Gazette vide G.S.R.No. 406(E) dated May 8, 2000 in Part II, Section 3, Sub-section (i) and subsequently amended as under : G.S.R. No. 158(E) dated 02.03.2001 G.S.R. No. 175(E) dated 13.03.2001 G.S.R. No. 182(E) dated 14.03.2001 G.S.R. No. 4(E) dated 02.01.2002 G.S.R. No. 574(E) dated 19.08.2002 G.S.R. No. 223(E) dated 18.03.2003 G.S.R. No. 225(E) dated 18.03.2003 G.S.R. No. 558(E) dated 22.07.2003 G.S.R. No. 835(E) dated 23.10.2003 G.S.R. No. 899(E) dated 22.11.2003 G.S.R. No. 12(E) dated 07.01.2004 G.S.R. No. 278(E) dated 23.04.2004 G.S.R. No. 454(E) dated 16.07.2004 G.S.R. No. 625(E) dated 21.09.2004 G.S.R. No. 799(E) dated 08.12.2004 G.S.R. No. 201(E) dated 01.04.2005 G.S.R. No. 202(E) dated 01.04.2005 G.S.R. No. 504(E) dated 25.07.2005 G.S.R. No. 505(E) dated 25.07.2005¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 15 G.S.R. No. 513(E) dated 29.07.2005 G.S.R. No. 738(E) dated 22.12.2005 G.S.R. No. 29(E) dated 19.01.2006 G.S.R. No. 413(E) dated 11.07.2006 G.S.R. No. 712(E) dated 14.11.2007 G.S.R. No. 713(E) dated 14.11.2007 G.S.R. No. 737(E) dated 29.11.2007 G.S.R. No. 575(E) dated 05.08.2008 G.S.R. No. 896(E) dated 30.12.2008 G.S.R. No. 851(E) dated 01.12.2009 G.S.R. No. 341 (E) dated 21.04.2010 (ii) It is clarified that no person will be adversely affected as a result of the retrospective effect being given to these regulations. Schedule 9 [See Regulation 5(9)] Scheme for Acquisition/Transfer by a person resident outside India of capital contribution or profit share of Limited Liability Partnerships (LLPs) The Scheme shall be called Foreign Direct Investment (FDI-LLP) in Limited Liability Partnerships (LLP) formed and registered under the Limited Liability Partnership Act, 2008. 1. Eligible Investors: A person resident outside India or an entity incorporated outside India shall be eligible investor for the purpose of FDI in LLPs. However, the following persons shall not be eligible to invest in LLPs: (i) a citizen/entity of Pakistan and Bangladesh or (ii) a SEBI registered Foreign Institutional Investor (FII) or (iii) a SEBI registered Foreign Venture Capital Investor (FVCI) or (iv) a SEBI registered Qualified Foreign Investor (QFI) or (v) a Foreign Portfolio Investor registered in accordance with Securities Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014 (RFPI). 2. Eligibility of LLP for accepting foreign Investment (i) A LLP, existing or new, operating in sectors/activities where 100% FDI is allowed under the automatic route of FDI Scheme would be eligible to receive FDI. For ascertaining such sectors, reference shall be made to Annex B to Schedule 1 of Notification No. FEMA. 20/2000-RB dated 3rd May, 2000 as amended from time to time. (ii) A LLP engaged in following sectors/activities shall not be eligible to accept (FDI): (a) Sectors eligible to accept 100% FDI under automatic route but are subject to FDI-linked performance related conditions (for example minimum capitalisation norms applicable to 'Non- Banking Finance Companies' or 'Development of Townships, Housing, Built-up infrastructure and Construction-development projects', etc.); or (b) Sectors eligible to accept less than 100% FDI under automatic route; or (c) Sectors eligible to accept FDI under Government Approval route; or (d) Agricultural/plantation activity and print media; or (e) Sectors ineligible to accept FDI i.e. any sector which is prohibited under extant FDI policy (Annex A to Schedule 1 to Notification No. FEMA 20/2000-RB dated 3rd May 2000) as well as16 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] sectors/activities prohibited in terms of Regulation 4(b) to Notification No. FEMA 1/2000-RB dated 3rd May, 2000 as amended from time to time. 3. Eligible investment Contribution to the capital of an LLP would be an eligible investment under the scheme. Note: Investment by way of ‘profit share’ will fall under the category of reinvestment of earnings. 4. Entry Route FDI in a LLP shall require prior Government/FIPB approval. Any form of foreign investment in a LLP, direct or indirect (regardless of nature of ‘ownership’ or ‘control’ of an Indian Company) shall require Government/FIPB approval. 5. Pricing FDI in a LLP either by way of capital contribution or by way of acquisition / transfer of profit shares, would have to be more than or equal to the fair price as worked out with any valuation norm which is internationally accepted/adopted as per market practice (hereinafter referred to as “fair price of capital contribution/profit share of an LLP”) and a valuation certificate to that effect shall be issued by the Chartered Accountant or by a practicing Cost Accountant or by an approved valuer from the panel maintained by the Central Government. In case of transfer of capital contribution/profit share from a resident to a non-resident, the transfer shall be for a consideration equal to or more than the fair price of capital contribution/profit share of an LLP. Further, in case of transfer of capital contribution/profit share from a non-resident to resident, the transfer shall be for a consideration which is less than or equal to the fair price of the capital contribution/profit share of an LLP. 6. Mode of payment for an eligible investor Payment by an eligible investor towards capital contribution of LLPs will be allowed only by way of cash consideration to be received - (i) by way of inward remittance through normal banking channels; or (ii) by debit to NRE/FCNR(B) account of the person concerned, maintained with an AD Category - I bank. 7. Reporting (i) LLPs shall report to the Regional Office concerned of the Reserve Bank, the details of the receipt of the amount of consideration for capital contribution and ‘profit shares’ in Form FOREIGN DIRECT INVESTMENT-LLP(I) as specified by Reserve Bank from time to time, together with a copy/ies of the FIRC/s evidencing the receipt of the remittance along with the KYC report on the non-resident investor, through an AD Category – I bank, and valuation certificate (as per paragraph 4 above) as regards pricing at the earliest but not later than 30 days from the date of receipt of the amount of consideration. The report would be acknowledged by the Regional Office concerned, which would allot a Unique Identification Number (UIN) for the amount reported. (ii) The AD Category – I bank in India, receiving the remittance should obtain a KYC report in respect of the foreign investor from the overseas bank remitting the amount. (iii) Disinvestment /transfer of capital contribution or profit share between a resident and a non-resident (or vice versa) shall required to be reported within 60 days from the date of receipt of funds in Form FOREIGN DIRECT INVESTMENT-LLP(II) as specified by Reserve Bank from time to time.¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 17 8. Downstream investment (a) An Indian company, having foreign investment (direct or indirect, irrespective of percentage of such foreign investment) will be permitted to make downstream investment in an LLP only if both, the company as well as the LLP, are operating in sectors where 100% FDI is allowed under the automatic route and there are no FDI- linked performance related conditions. Onus shall be on the LLP accepting investment from Indian Company registered under the provisions of the companies Act, as applicable to ensure compliance with downstream requirement as stated above. (b) A LLP with FDI under this scheme will not be eligible to make any downstream investments in any entity in India. 9. Other Conditions : (i) In case an LLP with FDI has a body corporate as a designated partner or nominates an individual to act as a designated partner in accordance with the provisions of Section 7 of the Limited Liability Partnership Act, 2008, such a body corporate should only be a company registered in India under the provisions of the Companies Act, as applicable and not any other body, such as an LLP or a Trust. For such LLPs, the designated partner "resident in India", as defined under the 'Explanation' to Section 7(1) of the Limited Liability Partnership Act, 2008, would also have to satisfy the definition of "person resident in India", as prescribed under Section 2(v)(i) of the Foreign Exchange Management Act, 1999. (ii) The designated partners will be responsible for compliance with all the above conditions and also liable for all penalties imposed on the LLP for their contravention, if any. (iii) Conversion of a company with FDI, into an LLP, will be allowed only if the above stipulations (except the stipulation as regards mode of payment) are met and with the prior approval of FIPB/Government. (iv) LLPs shall not be permitted to avail External Commercial Borrowings (ECBs). 10. The LLP which have received foreign investment between May 20, 2011 to the date of issuance of instructions issued in this regard by Reserve Bank shall comply with the reporting requirement in respect of FDI within 30 or 60 days, as applicable, from the date of issuance of these instructions. xxx Form FOREIGN DIRECT INVESTMENT- LLP (I) Report by the Limited Liability Partnerships (LLPs) receiving amount of consideration for capital contribution and acquisition of profit shares under the Scheme (To be filed by the LLP through its Authorised Dealer Category – I bank, with the Regional Office of the Reserve Bank under whose jurisdiction the Registered Office of the Limited Liability Partnership making the declaration is situated, not later than 30 days from the date of receipt of the amount of consideration) Permanent Account Number (PAN) of the investee LLP given by the IT Department No. Particulars (In Block Letters) 1. Name of the Limited Liability Partnership Address of the Registered Office State Fax Telephone e-mail Identification No.(LLPIN) issued by Office of Registrar for LLP.18 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] Date of Registration Whether existing LLP or new LLP Existing LLP / New LLP (strike off whichever is not applicable) If existing LLP, give registration number allotted by RBI for FDI, if any. 2 Details of the foreign investor Name Designated Partner Identification No. (DPIN): Address Country Constitution / Nature of the investing Entity [Specify whether 1. Individual 2. LLP 3. Company 4. Foreign Trust 5. Private Equity Fund 6. Pension / Provident Fund 7. Sovereign Wealth Fund (SWF)1 8. Partnership / Proprietorship Firm 9. Financial Institution 10. NRIs / PIO 11. Others (please specify)] 3. Date of receipt of funds 4. Amount In foreign currency In Indian Rupees 5. Activity of the LLP (i) Description of the main business activity. NIC Code (ii) It is confirmed that 100% FDI is allowed under Yes/No automatic route as per FDI policy without any FDI-linked performance related conditions. (iii) Details of Government Approval (ref. no. of approval letter and date). [Copy enclosed] 6. Name of the AD bank through whom the remittance is received. 7. Address of the AD bank (Authorised signatory of the investee LLP) (Authorised signatory of the AD bank) (Stamp) (Stamp) 1 SWF means a Government investment vehicle which is funded by foreign exchange assets, and which manages those assets separately from the official reserves of the monetary authorities.¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 19 FOR USE OF THE RESERVE BANK ONLY: Unique Identification Number for the remittance received: DECLARATION TO BE FILED BY THE AUTHORISED REPRESENTATIVE OF THE LIMITED LIABILITY PARTNERSHIP: (Delete whichever is not applicable and authenticate) We hereby declare that : 1. We comply with the procedure for capital contribution and profit shares as laid down under the Notification No. FEMA 20/2000-RB, dated 3rd May 2000, as amended from time to time. 2. Capital contribution/profit shares have been issued to the non-resident investor in terms of FIPB approval No.___________________ dated ____________________ 3. We enclose the following documents in compliance with to Notification No. FEMA 20/2000-RB, dated 3rd May 2000: (i) A certificate from our designated partner certifying that— (a) all the requirements of the LLP Act, 2008 have been complied with; (b) terms and conditions of the Government approval, have been complied with; (c) the LLP is eligible to issue capital contribution /profit shares under these Regulations; and (d) the LLP has all original certificates issued by authorised dealers in India evidencing receipt of amount of consideration in accordance with Notification No. FEMA 20/2000-RB dated 3rd May, 2000. (ii) A certificate from the Chartered Accountant/Cost Accountant/ approved valuer from the panel maintained by the Central Government, indicating the manner of arriving at the fair price of the capital contribution/profit shares issued to the persons resident outside India. 4. The foreign investment received and reported now will be utilized in compliance with the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) and Unlawful Activities (Prevention) Act, 1967 (UAPA). We confirm that the investment complies with the provisions of all applicable Rules and Regulations. 5. Unique Identification Numbers given for all the remittances received so far as consideration for capital contribution and acquisition of profit shares (details as above), by Reserve Bank. R R (Signature of the Applicant)* :___________________________________________ (Name in Block Letters) :___________________________________________ (Designation of the signatory) :___________________________________________ Place: Date: (* To be signed by Designated Partner/Authorised Signatory of the LLP) CERTIFICATE TO BE FILED BY THE DESIGNATED PARTNER/AUTHORISED SIGNATORY OF THE LIMITED LIABILITY PARTNERSHIP ACCEPTING THE INVESTMENT:20 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] In respect of the abovementioned details, we certify the following: 1. All the requirements of the Limited Liability Partnership Act, 2008 have been complied with. 2. Terms and conditions of the Government approval, if any, have been complied with. 3. The LLP is eligible to issue capital contribution/profit shares under these Regulations. 4. The LLP has all original certificates issued by AD Category – I banks in India, evidencing receipt of amount of consideration in accordance with provisions of Notification No. FEMA 20/2000-RB, dated May 3, 2000. (Name & Signature of the Designated Partner/Authorised Signatory of the LLP) (Seal) FOR USE OF THE RESERVE BANK ONLY : Registration Number for the FOREIGN DIRECT INVESTMENT-LLP: Unique Identification Number allotted to the Company at the time of reporting receipt of remittance. R Form FOREIGN DIRECT INVESTMENT-LLP-(II) Declaration regarding transfer of capital contribution/profit shares of an Limited Liability Partnership from resident to non- resident / non-resident to resident (to be submitted to the Authorised Dealer Category-1 bank branch in quadruplicate within 60 days from the date of receipt of funds) The following documents are enclosed For transfer of capital contribution /profit shares of a Limited Liability Partnership by a person resident in India i. Consent Letter duly signed by the seller and buyer or their duly appointed agent and in the latter case the Power of Attorney Document. ii. The capital contribution/ profit share holding pattern of the investee LLP after the acquisition of capital contribution/ profit shares by a person resident outside India. iii. Certificate indicating fair value of shares from the Chartered Accountant/Cost Accountant/approved valuer from the panel maintained by the Central Government. iv. Declaration from the buyer to the effect that he is eligible to acquire capital contribution /profit shares i.e., necessary Government approval has been obtained by the buyer or seller and terms and conditions of the Government approval, the foreign investment limits mentioned therein as well as the pricing guidelines have been complied with. Additional documents in respect of capital contribution /profit shares of an Limited Liability Partnership by a person resident outside India. v. No Objection/Tax Clearance Certificate from Income Tax Authority/ Chartered Accountant/Cost Accountant/Company Secretary in practice. 1 Name of the Limited Liability Partnership Address (including e-mail , telephone Number, Fax no.) Activity Identification No. (LLPIN) 2 Nature of transaction Transfer from resident to non-resident /¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 21 (Strike out whichever is not applicable) Transfer from non-resident to resident 3 Name of the buyer Constitution / Nature of the investing Entity Specify whether 1. Individual 2. LLP 3. Company 4. Foreign Trust 5. Private Equity Fund 6. Pension/ Provident Fund 7. Sovereign Wealth Fund (SWFπ) 8. Partnership / Proprietorship firm 9. Financial Institution 10. NRIs / PIOs 11. Others Date and Place of Incorporation Address of the buyer (including e-mail, telephone number, Fax no.) 5 Name of the seller Constitution / Nature of the disinvesting partner Specify whether 1. Individual 2. LLP 3. Company 4. Foreign Trust 5. Private Equity Fund 6. Pension/ Provident Fund 7. Sovereign Wealth Fund (SWF∏) 8. Partnership/ Proprietorship firm 9. Financial Institution 10. NRIs/PIOs 11. others Date and Place of Registration Address of the seller (including e-mail, telephone Number, Fax no.) 6 Particulars of earlier FIPB approvals. 7 Details regarding capital contribution or profit shares of a Limited Liability Partnership to be transferred. Date of the transaction Percentage of capital Value in Negotiated Price Amount of contribution/profit share Rs. for the transfer* consideration in Rs. in Rs. 8 Foreign Investments in the Limited capital contribution/ profit Percentage Liability Partnership shares Before the transfer ∏ SWF means a Government investment vehicle which is funded by foreign exchange assets, and which manages those assets separately from the official reserves of the monetary authorities.22 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] After the transfer Price as per Valuation guidelines*. *Valuation report (certificate from the Chartered Accountant/Cost Accountant / approved valuer from the panel maintained by the Central Government to be attached). Declaration by the transferor / transferee I / We hereby declare that : i. The particulars given above are true and correct to the best of my/our knowledge and belief. ii. I/ We, was/were holding the capital contribution/profit shares of a Limited Liability Partnership as per foreign investment policy issued by the Government of India as well as notified under FEMA Regulations. iii. I/ We, am/are eligible to acquire the capital contribution /profit shares of a Limited Liability Partnership in terms of the foreign investment policy issued by the Government of India as well as notified under FEMA Regulations. iv. The foreign investment limit as per Government approval and the pricing guidelines have been adhered to. Signature of the Declarant or his duly authorised agent Date: Note: In respect of the transfer of capital contribution /profit shares of a Limited Liability Partnership from resident to non- resident the declaration has to be signed by the non- resident buyer, and in respect of the transfer of capital contribution /profit shares of a Limited Liability Partnership from non-resident to resident the declaration has to be signed by the non-resident seller. Certificate by the AD Bank Branch It is certified that the application is complete in all respects. The receipt /payment for the transaction are in accordance with FEMA Regulations / Reserve Bank guidelines. Signature Name and Designation of the Officer Date: Name of the AD Bank Branch AD Bank Branch Code Know Your Customer (KYC) Form in respect of the non-resident investor Registered Name of the Remitter /Investor (Name, if the investor is an Individual) Registration Number (Unique Identification Number* in case remitter is an Individual) Registered Address (Permanent Address if remitter is an Individual) Name of the Remitter’s Bank Remitter’s Bank Account No. Period of banking relationship with the remitter¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 23 * Passport No., Social Security No., or any Unique No. certifying the bona fides of the remitter as prevalent in the remitter’s country. We confirm that all the information furnished above is true and accurate as provided by the overseas remitting bank of the non-resident investor. (Signature of the Authorised Official of the AD bank receiving the remittance) Date : Place: Stamp : Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054

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