When an Indian company issues shares to a non-resident, it must allot the shares within 60 days of receiving the funds and report the allotment to the RBI in Form FC-GPR within 30 days of allotment.
Overseas investment by Indian residents is governed by the Foreign Exchange Management (Overseas Investment) Rules, 2022, the related Regulations and the RBI’s Master Direction.
An Indian association, trust, society or Section 8 company can receive foreign contributions only after obtaining registration or prior permission from the Ministry of Home Affairs under the FCRA, 2010.