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ARTICLE · 14 JUNE 2018

Introduction Of A Single Master Form By The RBI

The Reserve Bank of India (RBI) has introduced new directions under the provisions of the Foreign Exchange Management Act, 1999 vide A.P. (DIR Series) Circular No. 30 notified on the 7 June 2018...

IndiaGovernment, Public Sector

The Reserve Bank of India (RBI) has introduced new directions under the provisions of the Foreign Exchange Management Act, 1999 vide A.P. (DIR Series) Circular No. 30 notified on the 7 June 2018 (hereinafter referred to as 'RBI Circular') laying down the roadmap for implementation of the reporting of foreign investments through the Single Master Form (SMF).

The present system of reporting total foreign investment in India made by a person residing outside India through eligible capital instruments in the investee company or capital contribution in a Limited Liability Partnership (LLP) or investments in other investment vehicles, involves filing of numerous forms via various reporting platforms. This renders it as a disintegrated reporting structure.

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