06 May 2011
one foreign party wants to invest in a trust in India . I dont know the procedure for that. Please tell me what kind of procedure should taken place for this ? tell me the registration procedure if any under fema and also fcrn form.
08 May 2011
My understanding of your query is that "the foreign party wants to DONATE to a trust in India". In that case provisions of FCRA Act(recently amended) shall come into the picture .
Otherwise there is no provision of investment in a TRUST by any foreign party.
Other portions of your query can be answered only on confirmation of my understanding.
01 August 2011
Dear Sir, I beg to defer as FDI in Trusts is permitted but it is subjected to following restrictions o Trust is Venture capital Fund. o It is permitted only under approval route. Please follow the link: http://dipp.nic.in/English/Policies/FDI_Circular_012011_31March2011.pdf
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