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Ind AS 117 – Insurance Contracts
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Bank Accounts and Repatriation Facilities for Non-Residents
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Whether The Gift Of A Capital Asset By A Corporate Entity Be Subjected To Income Tax?
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Legal Considerations for Start-Ups – Are you overlooking some?
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August 2008

A.P. (DIR Series) Circular No. 53, dated 27-6-2008 — Overseas Direct Investment by Registered Trust/Society.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Chartered Accountants

Reading Time 1 mins

New Page 1

Part C : RBI/FEMA

The Reserve Bank of India has issued 3 Circulars. The DIPP
has issued 1 Press Note.

59 A.P. (DIR Series) Circular No. 53, dated
27-6-2008 — Overseas Direct Investment by Registered Trust/Society.

This Circular permits registered trusts and societies engaged
in manufacturing/educational sector to make investment in the same sector(s),
after obtaining prior approval of RBI, by way of joint venture or wholly-owned
subsidiary outside India. Application for permission has to be made in Form ODI.

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A.P. (DIR Series) Circular No. 52, dated 11-6-2008 — Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and the erstwhile USSR.

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August 2008

A.P. (DIR Series) Circular No. 53, dated 27-6-2008 — Overseas Direct Investment by Registered Trust/Society.

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A.P. (DIR Series) Circular No. 52, dated 11-6-2008 — Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and the erstwhile USSR.

A.P. (DIR Series) Circular No. 1, dated 11-7-2008 —Security for External Commercial Borrowings — Liberalisation.

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August 2008

A.P. (DIR Series) Circular No. 53, dated 27-6-2008 — Overseas Direct Investment by Registered Trust/Society.

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You May Also Like

A.P. (DIR Series) Circular No. 52, dated 11-6-2008 — Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and the erstwhile USSR.

A.P. (DIR Series) Circular No. 1, dated 11-7-2008 —Security for External Commercial Borrowings — Liberalisation.