State the major points of coverage in the process of FEMA due diligence.
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2023
State the major points of coverage in the process of FEMA due diligence.
Answer & Explanation:
The following are the major points covered under the process of FEMA due diligence- Capital Account transactions; Current Account transactions; Currency Transactions; Regulations, Master Directions and Circulars issued by RBI; FDI / ODI Policy, approvals; Setting up of business through Liaison office, Branch office, Project office, Wholly Owned Subsidiaries, Joint Ventures, Foreign Institutional Investors and Foreign Venture Capital Investor, Non-Resident of India/person of Indian origin.
Topics: Due Diligence
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