Cross Border Merger & Demerger in India – Complete FEMA, RBI & Companies Act Guide (2026)

Published by IndiaBizExperts  |  Reviewed by Authorized Chartered Accountant: CA Manoj Kumar

Introduction

Businesses are increasingly expanding beyond national borders through acquisitions, mergers, corporate restructuring and strategic investments. As multinational corporations continue to invest in India, Cross Border Mergers and Demergers have become an important tool for global business expansion, operational efficiency and corporate reorganisation.

Whether a foreign company plans to merge with an Indian company, an Indian company intends to merge with its overseas parent, or a multinational group wants to restructure its global operations, these transactions are governed by multiple Indian laws including the Companies Act, 2013, the Foreign Exchange Management Act (FEMA), regulations issued by the Reserve Bank of India (RBI), and approvals from the National Company Law Tribunal (NCLT).

Cross Border restructuring is significantly more complex than domestic mergers because businesses must comply with foreign exchange laws, valuation rules, taxation provisions, accounting standards, corporate approvals, sectoral regulations and international legal requirements.

This comprehensive guide explains everything you need to know about Cross Border Mergers and Demergers in India, including inbound mergers, outbound mergers, FEMA compliance, RBI regulations, Companies Act provisions, NCLT approval process, taxation, valuation rules, documentation, practical examples and frequently asked questions.

What is a Cross Border Merger?

A Cross Border Merger is a corporate restructuring transaction in which an Indian company merges with a foreign company, or a foreign company merges with an Indian company, resulting in the transfer of assets, liabilities, shareholders' interests, and business operations across international borders.

Unlike domestic mergers, cross-border mergers involve compliance with both Indian laws and the laws of the foreign jurisdiction. These transactions require careful planning to ensure compliance with foreign exchange regulations, corporate laws, tax provisions, accounting standards and regulatory approvals.

Cross Border Mergers are commonly undertaken for:

• Global business expansion.
• International acquisitions.
• Group restructuring.
• Operational efficiency.
• Business consolidation.
• Entry into new markets.
• Reduction of administrative costs.
• Strategic investments.
• Technology and intellectual property integration.
• Improved global competitiveness.

In India, Cross Border Mergers are recognised under the Companies Act, 2013, subject to compliance with FEMA regulations and other applicable laws.

Key Characteristics of Cross Border Mergers

Particular	Description
Nature	Merger involving an Indian and a foreign entity.
Applicable Laws	Companies Act, FEMA, RBI Regulations, Income-tax Act and NCLT Rules.
Approval Authority	NCLT and other applicable regulators.
Foreign Exchange Compliance	Mandatory under FEMA.
Valuation	Independent valuation by a qualified professional.
Corporate Objective	Business expansion, restructuring and global integration.

Businesses planning international restructuring should also review our detailed guides on Foreign Company Registration in India, Foreign Direct Investment (FDI) in India, FEMA Compliance for Foreign Companies, and Share Valuation under FEMA to understand related regulatory requirements.

What is a Cross Border Demerger?

A Cross Border Demerger is a corporate restructuring transaction in which a business division, undertaking, or specific assets of a company are separated and transferred across international borders to another company incorporated in India or outside India.

Unlike a merger, where two businesses combine into one entity, a demerger divides an existing business into separate legal entities. Cross Border Demergers are commonly used by multinational corporations to streamline operations, separate business verticals, improve operational efficiency, attract investors, or comply with regulatory requirements.

Cross Border Demergers involving Indian entities are governed by the Companies Act, FEMA regulations, RBI guidelines, tax laws, and approvals from the National Company Law Tribunal (NCLT), wherever applicable.

Common Reasons for Cross Border Demergers

• Global corporate restructuring.
• Separation of independent business divisions.
• Business expansion into new jurisdictions.
• Operational efficiency.
• Tax and regulatory planning.
• Strategic investments.
• Joint venture restructuring.
• Preparation for mergers or acquisitions.
• Risk management.
• Improved corporate governance.

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Cross Border Merger vs Domestic Merger

Although both transactions involve combining businesses, Cross Border Mergers involve significantly higher legal, tax, regulatory, and compliance requirements because companies operate under different legal jurisdictions.

Particular	Domestic Merger	Cross Border Merger
Companies Involved	Indian companies only	Indian and foreign companies
Applicable Laws	Companies Act	Companies Act + FEMA + RBI + Foreign Laws
Foreign Exchange Compliance	Not Applicable	Mandatory
RBI Involvement	Normally Not Required	Applicable where FEMA regulations apply
Valuation	Indian valuation standards	International valuation standards and FEMA requirements
Complexity	Moderate	High
Regulatory Approvals	NCLT and ROC	NCLT, RBI, FEMA compliance and other authorities as applicable

Businesses planning international restructuring should assess both Indian and overseas legal requirements before initiating the transaction.

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Types of Cross Border Mergers

Indian regulations broadly recognise two principal forms of Cross Border Mergers depending upon the surviving entity after the merger.

1. Inbound Merger

A foreign company merges into an Indian company, and the Indian company survives after completion of the merger.

2. Outbound Merger

An Indian company merges into a foreign company, and the foreign company becomes the surviving entity after completion of the transaction.

Both structures are governed by separate FEMA requirements and may involve different regulatory approvals, reporting obligations, and valuation principles.

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Inbound Merger

An Inbound Merger occurs when a foreign company merges into an Indian company. After completion of the merger, the Indian company continues as the surviving entity while the foreign company ceases to exist in accordance with applicable laws.

Inbound mergers are becoming increasingly common where multinational corporations consolidate their Indian operations or relocate business activities into India.

Key Features of Inbound Mergers

• Indian company survives.
• Foreign company's assets and liabilities transfer to the Indian company.
• Shareholders receive consideration as approved under the merger scheme.
• Compliance with FEMA and Companies Act is required.
• NCLT approval is generally required.
• Sector-specific approvals may also apply.

Typical Examples

• Foreign holding company merges into its Indian subsidiary.
• Global restructuring by multinational corporations.
• Business consolidation after acquisitions.
• Transfer of overseas operations into India.

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Outbound Merger

An Outbound Merger takes place when an Indian company merges into a foreign company. Upon completion of the merger, the foreign company becomes the surviving entity and assumes ownership of the Indian company's assets, liabilities, rights, and obligations in accordance with applicable laws.

Outbound mergers require careful planning because they involve overseas ownership, foreign exchange regulations, taxation, cross-border asset transfers, and compliance with FEMA and RBI guidelines.

Key Features of Outbound Mergers

• Foreign company survives.
• Indian company ceases to exist after completion.
• Transfer of assets and liabilities across borders.
• Compliance with FEMA regulations is mandatory.
• Independent valuation is required.
• NCLT approval generally forms part of the process.

Common Business Objectives

• Global expansion.
• International holding company restructuring.
• Cross-border acquisitions.
• Global tax optimisation.
• Business consolidation.
• International capital raising.

Companies undertaking outbound mergers should also review related FEMA compliance obligations explained in our articles on FEMA Compliance for Foreign Companies, ODI Filing in India, Share Valuation under FEMA, and Foreign Direct Investment (FDI) in India.

Legal Framework Governing Cross Border Mergers in India

Cross Border Mergers and Demergers in India are governed by multiple laws and regulatory authorities. Unlike domestic mergers, international restructuring transactions require compliance with corporate law, foreign exchange regulations, taxation laws, accounting standards, sector-specific regulations, and judicial approvals.

Before implementing any cross-border restructuring, companies should evaluate all applicable legal requirements to ensure the proposed transaction complies with Indian law as well as the laws of the foreign jurisdiction.

Primary Laws Governing Cross Border Mergers

Law / Authority	Purpose
Companies Act, 2013	Corporate restructuring and merger provisions.
Foreign Exchange Management Act (FEMA)	Cross-border investment and foreign exchange regulations.
Reserve Bank of India (RBI)	Foreign exchange and merger compliance.
National Company Law Tribunal (NCLT)	Approval of merger schemes.
Income-tax Act, 1961	Taxation of restructuring transactions.
Competition Act, 2002	Competition approval where applicable.
SEBI Regulations	Applicable for listed companies.

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Cross Border Merger under the Companies Act, 2013

The Companies Act, 2013 provides the legal foundation for mergers, amalgamations, and corporate restructuring involving Indian companies. Cross Border Mergers are specifically recognised under the Act, subject to prescribed conditions and regulatory approvals.

The merger scheme must normally be approved by shareholders, creditors (where applicable), and the National Company Law Tribunal (NCLT). Companies must also comply with procedural requirements prescribed under the Companies Act and relevant rules.

Key Corporate Requirements

• Board approval.
• Preparation of merger scheme.
• Valuation report.
• Auditor's certificate.
• Shareholder approval.
• Creditor approval (where applicable).
• NCLT sanction.
• Regulatory filings.

Corporate Objectives Behind Cross Border Mergers

• Business expansion.
• Operational integration.
• Global restructuring.
• Market entry.
• Technology acquisition.
• Improved corporate efficiency.
• International growth.

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FEMA & RBI Regulations for Cross Border Mergers

Since Cross Border Mergers involve foreign exchange transactions, overseas assets, foreign shareholders, and international investments, compliance with the Foreign Exchange Management Act (FEMA) and regulations issued by the Reserve Bank of India (RBI) becomes a critical part of the restructuring process.

Businesses should ensure that every stage of the transaction—including share issuance, asset transfer, liabilities, reporting obligations, and post-merger compliance—is consistent with applicable FEMA regulations.

Major FEMA Compliance Areas

• Foreign investment regulations.
• Share issuance compliance.
• Transfer of assets.
• Transfer of liabilities.
• Valuation compliance.
• Pricing guidelines.
• Reporting requirements.
• Sectoral restrictions.
• Cross-border fund flows.
• Post-merger FEMA compliance.

Businesses should also understand related compliance obligations discussed in our guides on FC-GPR Filing, FC-TRS Filing, Downstream Investment, Foreign Investment in LLP, and External Commercial Borrowing (ECB).

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Role of the National Company Law Tribunal (NCLT)

The National Company Law Tribunal (NCLT) plays a central role in approving merger and amalgamation schemes involving Indian companies. The Tribunal reviews the proposed scheme, hears objections from stakeholders where applicable, and determines whether the transaction complies with the Companies Act and other applicable laws.

NCLT approval provides legal sanction to the merger scheme, subject to compliance with other regulatory requirements.

NCLT Reviews

• Merger scheme.
• Shareholder approvals.
• Creditor interests.
• Valuation reports.
• Regulatory compliance.
• Public interest considerations.
• Procedural compliance.

Typical Approval Process

Stage	Authority
Board Approval	Board of Directors
Preparation of Scheme	Company & Advisors
Shareholder / Creditor Approval	Members & Creditors
NCLT Proceedings	NCLT
Regulatory Compliance	RBI / ROC / Other Authorities
Implementation	Merged Entity

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Eligible Foreign Jurisdictions for Cross Border Mergers

Cross Border Mergers involving Indian companies are permitted only with companies incorporated in jurisdictions that satisfy the conditions prescribed under applicable Indian laws and regulations.

Before commencing the transaction, businesses should verify whether the foreign jurisdiction satisfies the prescribed legal and regulatory requirements.

Businesses Should Evaluate

• Corporate laws of the foreign jurisdiction.
• Foreign exchange regulations.
• Recognition of merger schemes.
• Tax treaty implications.
• Accounting standards.
• Regulatory approvals.
• Investor protection framework.
• Compliance history.

RBI Approval Process for Cross Border Mergers

Although Cross Border Mergers are primarily approved by the National Company Law Tribunal (NCLT), every transaction involving foreign exchange, overseas shareholders, foreign assets, or international fund flows must comply with the Foreign Exchange Management Act (FEMA) and applicable Reserve Bank of India (RBI) regulations.

The RBI does not "approve" every merger individually. Instead, businesses must ensure that the proposed transaction satisfies the applicable FEMA regulations, pricing guidelines, sectoral caps, reporting obligations, and foreign investment conditions. Where specific RBI approval is required under FEMA, businesses must obtain the necessary permissions before completing the transaction.

Situations Where RBI/FEMA Compliance Becomes Important

• Issue of shares to foreign shareholders.
• Transfer of shares between residents and non-residents.
• Transfer of overseas assets.
• Foreign borrowings.
• Cross-border guarantees.
• Acquisition of overseas companies.
• Outbound mergers.
• Sector-specific foreign investment.
• Investment under the Government Route.
• Post-merger reporting requirements.

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Valuation Rules for Cross Border Mergers

Valuation plays a critical role in every Cross Border Merger because it determines the exchange ratio, consideration payable to shareholders, pricing of securities, and compliance with FEMA pricing guidelines.

The valuation methodology should be fair, transparent, commercially justifiable, and prepared by a qualified independent valuer using internationally accepted valuation principles.

Purpose of Valuation

• Determine merger consideration.
• Calculate share exchange ratio.
• Comply with FEMA pricing guidelines.
• Protect shareholder interests.
• Support NCLT approval.
• Assist tax planning.
• Meet accounting requirements.

Common Valuation Methodologies

Method	Generally Used For
Discounted Cash Flow (DCF)	Growth companies and startups.
Net Asset Value (NAV)	Asset-intensive businesses.
Comparable Company Multiple	Listed company comparisons.
Comparable Transaction Method	Mergers & acquisitions.
Earnings Multiple	Profitable businesses.

For FEMA-related transactions, valuation should also align with applicable RBI pricing norms wherever required.

Read our detailed guide on Share Valuation under FEMA to understand accepted valuation methodologies and pricing requirements.

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Tax Implications of Cross Border Mergers

Cross Border Mergers may trigger multiple tax consequences in India and the foreign jurisdiction. The actual tax treatment depends on the structure of the transaction, applicable Double Taxation Avoidance Agreements (DTAAs), nature of assets transferred, shareholding pattern, and the tax residency of the parties involved.

Key Tax Areas to Evaluate

• Capital Gains Tax.
• Stamp Duty.
• Withholding Tax.
• Transfer Pricing.
• Indirect Tax implications.
• Tax treaty benefits.
• Carry forward of losses.
• Depreciation treatment.
• Permanent Establishment implications.

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Documents Required for Cross Border Mergers

The documentation required depends on the nature of the merger, regulatory approvals involved, and the jurisdictions participating in the transaction. Proper documentation helps minimise approval delays and compliance risks.

Typical Documents Required

• Board Resolution.
• Merger Scheme.
• Shareholder Resolution.
• Creditor Approval (where applicable).
• Valuation Report.
• Auditor Certificate.
• Financial Statements.
• Due Diligence Report.
• Legal Opinion.
• FEMA Compliance Documentation.
• RBI Reporting Documents.
• NCLT Petition.
• Tax Certificates.
• KYC Documents.
• Foreign Corporate Documents.

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Step-by-Step Cross Border Merger Process

Step	Activity
1	Preliminary feasibility study.
2	Legal, tax and FEMA due diligence.
3	Prepare merger structure.
4	Independent valuation.
5	Board approval.
6	Draft merger scheme.
7	Shareholder and creditor approvals.
8	NCLT proceedings.
9	Complete FEMA & RBI compliances.
10	Implement merger and issue shares.
11	Complete statutory filings.
12	Post-merger integration and compliance.

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Typical Timeline for a Cross Border Merger

Stage	Estimated Duration*
Planning & Due Diligence	2–6 Weeks
Valuation & Documentation	3–5 Weeks
Corporate Approvals	2–4 Weeks
NCLT Proceedings	3–8 Months
Implementation & Regulatory Filings	2–6 Weeks

*Actual timelines vary depending on the transaction size, regulatory approvals, stakeholder participation, and the complexity of the merger.

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Cross Border Merger Compliance Checklist

Following a structured compliance checklist helps reduce regulatory risks, avoid delays, and ensure a smoother implementation of cross-border restructuring transactions.

Common Compliance Mistakes in Cross Border Mergers

Cross Border Mergers involve multiple legal, financial, tax, and foreign exchange regulations. Even a minor compliance lapse can delay approvals, increase transaction costs, or lead to regulatory action. Businesses should identify potential risks at the planning stage and seek professional advice throughout the transaction.

Common Mistakes to Avoid

• Ignoring FEMA compliance requirements.
• Using an incorrect valuation methodology.
• Not obtaining required shareholder or creditor approvals.
• Delaying RBI or FEMA reporting.
• Overlooking sector-specific FDI restrictions.
• Ignoring tax implications in India and overseas.
• Incomplete legal and financial due diligence.
• Incorrect share exchange ratio.
• Failure to assess Permanent Establishment (PE) risks.
• Missing statutory filing deadlines.
• Inadequate documentation.
• Not obtaining expert legal and FEMA advice before implementation.

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Practical Examples of Cross Border Mergers

Example 1 – Foreign Parent Company Merging into Indian Subsidiary

A Singapore-based holding company decides to merge into its wholly owned Indian subsidiary to simplify the group's structure and manage its Asian operations from India. The transaction requires compliance with the Companies Act, FEMA regulations, valuation norms, and NCLT approval.

Example 2 – Indian Technology Company Merging into Overseas Holding Company

An Indian software company merges into its newly established holding company in the United Kingdom to facilitate international fundraising and global expansion. The restructuring requires careful analysis of FEMA, taxation, RBI regulations, and overseas corporate laws.

Example 3 – Multinational Group Restructuring

A multinational manufacturing group consolidates several overseas subsidiaries through a Cross Border Merger to reduce operational costs, simplify reporting, and improve corporate governance. Independent valuation, regulatory approvals, and coordinated legal advice across jurisdictions are essential for successful implementation.

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Frequently Asked Questions (FAQs)

1. What is a Cross Border Merger?

A Cross Border Merger is a merger between an Indian company and a foreign company involving the transfer of assets, liabilities, and business operations across international borders.

2. Which law governs Cross Border Mergers in India?

Cross Border Mergers are governed by the Companies Act, 2013, FEMA, RBI regulations, the Income-tax Act, and other applicable laws.

3. Is RBI approval required for every Cross Border Merger?

Not necessarily. However, all foreign exchange transactions must comply with FEMA, and specific RBI approvals may be required depending on the transaction.

4. What is an Inbound Merger?

An Inbound Merger occurs when a foreign company merges into an Indian company.

5. What is an Outbound Merger?

An Outbound Merger occurs when an Indian company merges into a foreign company.

6. Is NCLT approval mandatory?

Generally, yes. The merger scheme is typically approved by the National Company Law Tribunal under the Companies Act.

7. Is valuation mandatory?

Yes. Independent valuation is generally required to determine a fair share exchange ratio and comply with FEMA pricing guidelines.

8. Are Cross Border Mergers taxable?

Tax implications depend on the transaction structure, applicable tax laws, and Double Taxation Avoidance Agreements (DTAAs).

9. Can startups undertake Cross Border Mergers?

Yes. Subject to applicable laws, startups may restructure through Cross Border Mergers if all regulatory requirements are satisfied.

10. Can listed companies undertake Cross Border Mergers?

Yes. Listed companies must also comply with applicable SEBI regulations in addition to the Companies Act and FEMA.

11. What documents are required?

Typical documents include the merger scheme, valuation report, board resolutions, shareholder approvals, financial statements, legal opinions, and regulatory filings.

12. How long does a Cross Border Merger take?

Depending on complexity and approvals, the process generally takes between six months and one year.

13. Can assets and liabilities be transferred automatically?

They are transferred in accordance with the approved merger scheme and applicable legal provisions.

14. Are foreign investors affected by FEMA after the merger?

Yes. Foreign shareholders must continue to comply with applicable FEMA regulations after implementation.

15. Why should professional advisors be engaged?

Cross Border Mergers involve multiple regulators and complex legal issues. Professional advisors help minimise compliance risks and ensure smooth implementation.

16. What is the difference between a Cross Border Merger and a Cross Border Acquisition?

In a Cross Border Merger, two companies combine into one legal entity. In a Cross Border Acquisition, one company acquires ownership or control of another company while both entities may continue to exist separately.

17. Can an Indian private limited company merge with a foreign company?

Yes. Subject to compliance with the Companies Act, FEMA regulations, RBI guidelines, and applicable approvals, an Indian private limited company may participate in a Cross Border Merger.

18. Can a wholly owned subsidiary be merged with its foreign parent company?

Yes. Many multinational groups use Cross Border Mergers to simplify their corporate structure by merging subsidiaries with their parent companies.

19. Is due diligence mandatory before a Cross Border Merger?

Although not specifically mandated under every regulation, comprehensive legal, financial, tax, and FEMA due diligence is considered essential before implementing a Cross Border Merger.

20. Are creditors' approvals required for a Cross Border Merger?

Depending on the merger structure and applicable provisions of the Companies Act, creditor approval may be required before the scheme is sanctioned by the NCLT.

21. Can shares of the foreign company be issued to Indian shareholders after an outbound merger?

Yes. However, the issuance must comply with FEMA, overseas investment regulations, and other applicable Indian laws.

22. Can a Cross Border Merger be completed without NCLT approval?

Generally, merger schemes involving Indian companies require approval from the National Company Law Tribunal unless exempted under specific legal provisions.

23. Are listed companies allowed to undertake Cross Border Mergers?

Yes. Listed companies may undertake Cross Border Mergers subject to compliance with SEBI regulations, stock exchange requirements, the Companies Act, FEMA, and other applicable laws.

24. Does a Cross Border Merger affect existing contracts?

Existing contracts generally continue according to the approved merger scheme, applicable law, and contractual provisions. Certain agreements may require consent from counterparties.

25. What happens to employees after a Cross Border Merger?

Employee rights are generally addressed under the merger scheme and applicable employment laws. Businesses should carefully manage employee transitions and statutory obligations.

26. Can intellectual property rights be transferred through a Cross Border Merger?

Yes. Patents, trademarks, copyrights, software, and other intellectual property assets may be transferred as part of the merger, subject to applicable laws.

27. Can real estate owned by an Indian company be transferred in a Cross Border Merger?

Yes, subject to applicable property laws, FEMA regulations, and any sector-specific restrictions.

28. How is the share exchange ratio determined?

The share exchange ratio is determined through an independent valuation using accepted valuation methodologies such as Discounted Cash Flow (DCF), Net Asset Value (NAV), or comparable company analysis.

29. Can foreign debt be transferred during a Cross Border Merger?

Yes. Existing borrowings may be transferred subject to lender approvals, contractual terms, and compliance with FEMA and RBI regulations.

30. What is the role of an independent valuer?

An independent valuer determines the fair value of the companies involved and supports the share exchange ratio used in the merger.

31. Are Cross Border Demergers recognised under Indian law?

Yes. Subject to applicable provisions of the Companies Act, FEMA, RBI regulations, and judicial approvals, Cross Border Demergers may be undertaken.

32. Can startups undertake international restructuring through a Cross Border Merger?

Yes. Indian startups and foreign startups may restructure through Cross Border Mergers provided all applicable legal and regulatory requirements are satisfied.

33. Does GST apply to a Cross Border Merger?

GST implications depend on the transaction structure and applicable indirect tax provisions. Professional tax advice should be obtained before implementation.

34. Can a Cross Border Merger trigger transfer pricing issues?

Yes. If associated enterprises are involved, transfer pricing regulations may become relevant depending on the transaction structure.

35. What happens if FEMA regulations are violated during a Cross Border Merger?

Non-compliance may result in penalties, compounding proceedings, regulatory action, and delays in completing the merger.

36. Can Cross Border Mergers be undertaken under the Automatic Route?

Whether a transaction falls under the Automatic Route or requires Government approval depends on the sector, investment structure, and applicable FDI policy.

37. Can a Cross Border Merger change the residential status of shareholders?

No. However, the merger may change the nature of their shareholding and applicable FEMA reporting requirements.

38. How should businesses prepare for a Cross Border Merger?

Businesses should begin with feasibility analysis, legal and financial due diligence, tax planning, valuation, FEMA review, stakeholder approvals, and regulatory compliance planning.

39. Which professionals should be involved in a Cross Border Merger?

Businesses should engage Chartered Accountants, Company Secretaries, legal advisors, FEMA consultants, tax experts, valuation professionals, and corporate finance specialists.

40. How can IndiaBizExperts help with Cross Border Mergers?

IndiaBizExperts provides end-to-end advisory services including transaction structuring, FEMA compliance, RBI reporting, valuation coordination, NCLT documentation, corporate restructuring, FDI advisory, and regulatory compliance support for Indian and foreign businesses.

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Conclusion

Cross Border Mergers and Demergers have become powerful strategic tools for multinational corporations, foreign investors, and Indian businesses seeking global expansion, operational efficiency, and corporate restructuring. However, these transactions require careful planning, comprehensive due diligence, and strict compliance with the Companies Act, FEMA regulations, RBI requirements, taxation laws, and NCLT procedures.

By understanding the legal framework, valuation rules, regulatory approvals, documentation requirements, and compliance obligations, businesses can execute successful international restructuring while minimising legal and financial risks.

If your organisation is planning a Cross Border Merger or Demerger in India, obtaining professional advice at the initial planning stage can significantly improve the efficiency and success of the transaction.

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Government Resources

• Reserve Bank of India (RBI)
• Ministry of Corporate Affairs (MCA)
• Income Tax Department
• Securities and Exchange Board of India (SEBI)

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Related Articles

• Foreign Direct Investment (FDI) in India – Complete Guide
• FEMA Compliance for Foreign Companies in India
• Share Valuation Under FEMA – Complete Guide
• FC-GPR Filing in India
• FC-TRS Filing in India
• Foreign Company Registration in India
• Downstream Investment in India
• ODI Filing in India
• Foreign Investment in LLP in India
• Foreign Portfolio Investment (FPI) in India

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