With the great improvement in economic growth, India has now become one of the favorite countries for foreign investments. Now, more and more foreign companies are investing in almost every sector of Indian market. Growth of India as an investment friendly nation has made the foreign investment approvals easier. Now, foreign investment does not require any prior approval before investing. India’s investment policies have become more flexible and it directly approves the foreign investments. The companies only required to inform the concerned regional office of RBI and deposit all the necessary documents to that office within 30 days of issuing the shares to the investors. Below is the procedure that is followed to get automatic approval.
- A company needs to apply in form 83 and approach a charted accountant or a company secretary who can certify it.
- The form is further forwarded to Director, Balance of Payment Statistics Division, Department of Statistical Analysis and Reserve Bank of India. The company will then get the loan register number.
- After receiving the loan register number, the company can use the loan.
- Borrower need to submit required documents to DESACS every month.
This process will be time consuming if you choose to do everything on your own. To make the process smoother and easier, you can approach a reputed company that can help you with all the necessary documents and their submissions. Such companies have expert charted accountants who have years of experience in providing services for foreign investment approvals in India.
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