{"id":107181,"date":"2022-04-05T11:14:35","date_gmt":"2022-04-05T05:44:35","guid":{"rendered":"https:\/\/legalwindow.in\/?p=107181"},"modified":"2023-01-02T11:45:00","modified_gmt":"2023-01-02T06:15:00","slug":"regulatory-framework-of-issue-of-shares-and-securities-to-foreigners","status":"publish","type":"post","link":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/","title":{"rendered":"Regulatory Framework of Issue of Shares and Securities to Foreigners"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-107183\" src=\"https:\/\/legalwindow.in\/wp-content\/uploads\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners.png\" alt=\"Regulatory Framework of Issue of Shares and Securities to Foreigners \" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners.png 1200w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners-600x315.png 600w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners-300x158.png 300w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners-1024x538.png 1024w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners-768x403.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Foreign Investment Policy regulates direct foreign investment in a country&#8217;s production or business by a person or firm from another country. For developing countries like India, foreign direct investment (FDI) is an essential source of finances. These investments represent a significant non-debt financial resource for the country&#8217;s economic development. The process of foreign investment in India is governed by the Foreign Direct Investment of the Government of India and the Foreign Exchange Management Act, a regulatory mechanism established in 1999 that allows the <\/span><span style=\"font-weight: 400;\">RBI<\/span><span style=\"font-weight: 400;\"> to enforce restrictions and the Central Government to enforce rules concerning foreign exchange in compliance with India&#8217;s Foreign Trade Policy. So, here in this blog, our team of <\/span><a href=\"https:\/\/legalwindow.in\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Legal Window<\/span><\/a><span style=\"font-weight: 400;\"> will guide you about Regulating the Framework of the Issue of Shares.<\/span><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr style=\"border: 1px solid #555;\">\n<td><strong>Table of Contents<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#What\"><span style=\"font-weight: 400;\">What do you mean by Foreign Direct Investment (FDI)?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#is\"><span style=\"font-weight: 400;\">What is the difference between FDI and FPI?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#The\"><span style=\"font-weight: 400;\">The procedure for issuing shares to foreigners or foreign corporations<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Pricing\"><span style=\"font-weight: 400;\">Pricing Guidelines Compliance with FEMA Rules 1999, Income Tax Act, 1961, and Companies Act, 2013<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Reporting\"><span style=\"font-weight: 400;\">Reporting Guidelines<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Necessary\"><span style=\"font-weight: 400;\">Necessary Documents which need to be Attached<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#Conclusion\"><span style=\"font-weight: 400;\">Conclusion<\/span><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 id=\"What\"><b>What do you mean by Foreign Direct Investment (FDI)?<\/b><\/h2>\n<p>An investment in the form of controlling ownership in a business in one country by an entity based in another country is known as a <span style=\"font-weight: 400;\"><a href=\"https:\/\/legalwindow.in\/complete-guide-on-foreign-direct-investment-in-an-llp-limited-liability-partnership\/\" target=\"_blank\" rel=\"noopener\">Foreign Direct Investment (FDI)<\/a>. \u00a0<\/span><span style=\"font-weight: 400;\">It differs from a <\/span><span style=\"font-weight: 400;\">Foreign Portfolio Investment (FPI),<\/span><span style=\"font-weight: 400;\"> in which investors hold securities from a foreign country in a passive manner. Obtaining a long-term interest or extending one\u2019s firm into a foreign country are both examples of foreign direct investment.<\/span><\/p>\n<h2 id=\"is\"><b>What is the difference between FDI and FPI?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Securities and other financial assets held by investors in another nation reffer to as foreign portfolio investment (FPI). It does not provide the investor actual ownership of a company\u2019s assets and, depending on market volatility, is relatively liquid. FPI is one of the most frequent ways to participate in an overseas economy, alongside foreign direct investment (FDI). For most economies, FDI and FPI are both important sources of funding.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Also, a large investment in, or outright acquisition of, a company established in another country is necessary for foreign direct investment (FDI).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Foreign direct investment (FDI) is a greater investment to help a firm grow.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Both foreign direct investment (FDI) and foreign direct investment (FDI) are widely welcome, especially in developing countries. FDI, in particular, entails a larger responsibility to comply with the legislation of the country in which the company receiving the investment is located.<\/span><\/li>\n<\/ul>\n<h2 id=\"The\"><b>The procedure for issuing shares to foreigners or foreign corporations<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The procedure for issuing shares to foreigners \/ foreign corporations is as follows:<\/span><\/p>\n<h3><b>As per Section 62(1) (a)<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Call a <\/span><span style=\"font-weight: 400;\">board meeting<\/span><span style=\"font-weight: 400;\"> to discuss the suitable issuance mode of allotment of shares.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Send an offer letter to current members and make the offer to them first.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allot to them if they accept their right shares.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If they renounce in favour of someone else, allot to that person.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If they renounce in favour of someone the board deems appropriate, apportion to whomever the board deems appropriate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Submitting an allocation return in the form PAS-3 to the <\/span><a href=\"https:\/\/legalwindow.in\/roc-company-anuual-filing\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Registrar of Companies<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Submitting <\/span><a href=\"https:\/\/legalwindow.in\/all-you-need-to-know-about-fc-gpr-filing\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Form FC-GPR<\/span><\/a><span style=\"font-weight: 400;\"> to the RBI.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Moreover, a Shareholders&#8217; Meeting is not necessary under the right issue technique because all members will receive an offer letter in proportion to their holdings in the company to subscribe to the issue first. This procedure is quite simple and convenient for tiny unlisted corporations with a small number of shareholders.<\/span><\/p>\n<h3><b>As per Preferential Issue under Sections 62(1) (c) and 42<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Call a meeting of the board of directors to review the allotment of shares under the preferential issue and private placement programmes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Obtain a valuation report from a licence appraiser.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Call a <\/span><span style=\"font-weight: 400;\">General Meeting<\/span><span style=\"font-weight: 400;\"> and have members pass a specific resolution;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">File a special resolution with the Registrar of Companies using form <\/span><span style=\"font-weight: 400;\">MGT-14<\/span><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create a separate bank account for subscription payments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After submitting a special resolution in MGT-14, issue a Private Placement offer letter in PAS-4.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Based on the RV valuation evaluation, allot the shares to a third party.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Submitting an allocation return in the form PAS-3 to the Registrar of Companies.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Submitting Form FC-GPR to the RBI.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">However, this approach necessitates the adoption of a special resolution, the submission of Form MGT-14, and the receipt of a valuation report from a licensed appraiser. This strategy is appropriate for large public trade companies with a large number of owners that want to distribute shares to a small number of carefully chosen investors.<\/span><\/p>\n<h2 id=\"Pricing\"><b>Pricing Guidelines Compliance with FEMA Rules 1999, Income Tax Act, 1961, and Companies Act, 2013<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Likewise, as we are transferring assets and foreign currency when offering shares and securities to foreigners or foreign corporations, we must be extra cautious when pricing the instrument. While issuing shares and other securities to foreigners, we must price our instrument in accordance with the <\/span><span style=\"font-weight: 400;\">FEMA Act and rules<\/span><span style=\"font-weight: 400;\">, as well as the Income Tax Act and Companies Act, 2013.<\/span><\/p>\n<h2 id=\"FEMA\"><b>FEMA Act, 1999<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to the FEMA (Non-debt instrument) Rules, the price of an Indian company&#8217;s capital instruments cannot be less than the Fair Market Value (FMV). This computation is based on an internationally recognized pricing methodology for arm&#8217;s length valuation. A duly qualified CA, a SEBI registered Merchant Banker, or a practicing Cost Accountant performs this appraisal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is important to remember that FEMA does not have any internal pricing system. Discounted Flow (DCF) Method, Comparable Transactions Method, Net Asset Value (NAV) Method, C,\u00a0and others are some of the internationally acknowledged approaches used for valuation purposes.<\/span><\/p>\n<h2 id=\"Companies\"><b>Companies Act, 2013<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Only a valuer registered with the IBBI has authorized to value shares and securities issued under preferential issue and private placement, according to the <\/span><span style=\"font-weight: 400;\">Companies Act, 2013<\/span><span style=\"font-weight: 400;\">. As a result, if a firm is offering shares and securities through a private placement, a separate valuation report will create for submission to the ROC.<\/span><\/p>\n<p><b>Income Tax Act, 1961<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Only a SEBI registered Merchant Banker is permitted to value shares using the DCF or NAV methods, however, a Chartered Accountant is permitted to value shares using the NAV method. If the DCF approach is used, the <\/span><a href=\"https:\/\/www.incometaxindia.gov.in\/pages\/acts\/income-tax-act.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Income Tax Act, 1961<\/span><\/a><span style=\"font-weight: 400;\"> prohibits Chartered Accountants from providing valuation reports.<\/span><\/p>\n<h2 id=\"Reporting\"><b>Reporting Guidelines<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A single form of FC-GPR use to report an Indian company&#8217;s issuing of shares and securities to foreigners or foreign companies. It contains information on remittance and allotment.<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Reserve Bank of India has made FDI reporting easier for Indian businesses by combining various forms into a single master form known as the <\/span><span style=\"font-weight: 400;\">Single Master Form (SMF)<\/span><span style=\"font-weight: 400;\">, which accessed on the Foreign Investment Reporting and Management System (FIRMS) portal.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After allotment is complete, within 30 days of the date of issuing securities, the entity only needs to fill out one form, the FC-GPR.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The form asks for information on the investee company, the percentage of FDI allowed by the FDI policy, the main business for which the investment is being made, the date of the stock issue, the investment route taken, the names of foreign investors, and the type of securities issued.<\/span><\/p>\n<h2 id=\"Necessary\"><b>Necessary Documents which need to be Attached<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Certificate of Inward Remittance from Outside the U.S.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For the shares issued to the foreign investor, a certificate of share valuation signed by a certified Chartered Accountant, Cost Accountant, or Merchant Banker is necessary.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A certificate from a practising Company Secretary stating that all<a href=\"https:\/\/legalwindow.in\/category\/fema\/\" target=\"_blank\" rel=\"noopener\"> FEMA<\/a> rules should follow.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investor&#8217;s KYC<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For the allotment of shares, the Board Resolution, the list of allottees, and other appropriate secretarial papers are necessary.<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/legalwindow.in\/share-transfer\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-111402 size-full\" title=\"Transfer your shares starting from \u20b9 1500-\" src=\"https:\/\/legalwindow.in\/wp-content\/uploads\/transfer-of-shares-starting-from-1500.png\" alt=\"\" width=\"1000\" height=\"200\" srcset=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/transfer-of-shares-starting-from-1500.png 1000w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/transfer-of-shares-starting-from-1500-600x120.png 600w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/transfer-of-shares-starting-from-1500-300x60.png 300w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/transfer-of-shares-starting-from-1500-768x154.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/h2>\n<h2 id=\"Conclusion\"><b>Conclusion<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Issuing securities to outsiders could be a rigorous process that requires plenty of documentation, valuation, and announcing from a licensed proficient, as well as adherence to a few laws. As a result, it must do carefully and with help of professionals, or it&#8217;ll result in huge fines and superfluous cases. As a result, businesses must enroll the help of experts to guarantee a consistent filing. We the team of <\/span><a href=\"https:\/\/legalwindow.in\/\"><span style=\"font-weight: 400;\">Legal Window<\/span><\/a><span style=\"font-weight: 400;\"> provide a well knowledgeable team of experts who can help you throughout the process of Regulating the Framework of the Issue of Shares. If you are looking for expert guidance, feel free to contact us.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foreign Investment Policy regulates direct foreign investment in a country&#8217;s production or business by a person or firm from another country. For developing countries like India, foreign direct&hellip;<\/p>\n","protected":false},"author":5,"featured_media":107182,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-107181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-law"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Regulatory Framework of Issue of Shares and Securities to Foreigners<\/title>\n<meta name=\"description\" content=\"Latest Article - Regulatory Framework of Issue of Shares and Securities to Foreigners. Difference between FDI and FPI.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regulatory Framework of Issue of Shares and Securities to Foreigners\" \/>\n<meta property=\"og:description\" content=\"Latest Article - Regulatory Framework of Issue of Shares and Securities to Foreigners. Difference between FDI and FPI.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/\" \/>\n<meta property=\"og:site_name\" content=\"Legal Window\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/legalwindow.in\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-05T05:44:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-02T06:15:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CS Urvashi Jain (M.COM, LLB, ACS)\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CS Urvashi Jain (M.COM, LLB, ACS)\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\\\/\"},\"author\":{\"name\":\"CS Urvashi Jain (M.COM, LLB, ACS)\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#\\\/schema\\\/person\\\/0d15d443f6478b86969f96816ea59630\"},\"headline\":\"Regulatory Framework of Issue of Shares and Securities to Foreigners\",\"datePublished\":\"2022-04-05T05:44:35+00:00\",\"dateModified\":\"2023-01-02T06:15:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\\\/\"},\"wordCount\":1360,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners-1.png\",\"articleSection\":[\"Company Law\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\\\/\",\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\\\/\",\"name\":\"Regulatory Framework of Issue of Shares and Securities to Foreigners\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners-1.png\",\"datePublished\":\"2022-04-05T05:44:35+00:00\",\"dateModified\":\"2023-01-02T06:15:00+00:00\",\"description\":\"Latest Article - Regulatory Framework of Issue of Shares and Securities to Foreigners. Difference between FDI and FPI.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners-1.png\",\"contentUrl\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners-1.png\",\"width\":800,\"height\":800,\"caption\":\"Regulatory Framework of Issue of Shares and Securities to Foreigners\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regulatory Framework of Issue of Shares and Securities to Foreigners\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/\",\"name\":\"Legal Window\",\"description\":\"Legal Solution Provider\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#organization\",\"name\":\"LegalWindow\",\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/LW-Logo-2.png\",\"contentUrl\":\"https:\\\/\\\/legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/LW-Logo-2.png\",\"width\":1245,\"height\":357,\"caption\":\"LegalWindow\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/legalwindow.in\\\/\",\"https:\\\/\\\/www.instagram.com\\\/legalwindow.in\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/legal-window\\\/\",\"https:\\\/\\\/in.pinterest.com\\\/legalwindow\\\/\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCFtHKxaXtK4WjOe9UytbX9A\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#\\\/schema\\\/person\\\/0d15d443f6478b86969f96816ea59630\",\"name\":\"CS Urvashi Jain (M.COM, LLB, ACS)\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9688428c3b5a0b2f2c22195d91411315eba4822fbe2090ed08ee91103ece9678?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9688428c3b5a0b2f2c22195d91411315eba4822fbe2090ed08ee91103ece9678?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9688428c3b5a0b2f2c22195d91411315eba4822fbe2090ed08ee91103ece9678?s=96&d=mm&r=g\",\"caption\":\"CS Urvashi Jain (M.COM, LLB, ACS)\"},\"description\":\"CS Urvashi Jain is an associate member of the Institute of Company Secretaries of India. Her expertise, inter-alia, is in regulatory approvals, licenses, registrations for any organization set up in India. She posse\u2019s good exposure to compliance management system, legal due diligence, drafting and vetting of various legal agreements. She has good command in drafting manuals, blogs, guides, interpretations and providing opinions on the different core areas of companies act, intellectual properties and taxation.\",\"sameAs\":[\"https:\\\/\\\/legalwindow.in\"],\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/author\\\/csurvashijain\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Regulatory Framework of Issue of Shares and Securities to Foreigners","description":"Latest Article - Regulatory Framework of Issue of Shares and Securities to Foreigners. Difference between FDI and FPI.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/","og_locale":"en_US","og_type":"article","og_title":"Regulatory Framework of Issue of Shares and Securities to Foreigners","og_description":"Latest Article - Regulatory Framework of Issue of Shares and Securities to Foreigners. Difference between FDI and FPI.","og_url":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/","og_site_name":"Legal Window","article_publisher":"https:\/\/www.facebook.com\/legalwindow.in\/","article_published_time":"2022-04-05T05:44:35+00:00","article_modified_time":"2023-01-02T06:15:00+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners.png","type":"image\/png"}],"author":"CS Urvashi Jain (M.COM, LLB, ACS)","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CS Urvashi Jain (M.COM, LLB, ACS)","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/#article","isPartOf":{"@id":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/"},"author":{"name":"CS Urvashi Jain (M.COM, LLB, ACS)","@id":"https:\/\/www.legalwindow.in\/blog\/#\/schema\/person\/0d15d443f6478b86969f96816ea59630"},"headline":"Regulatory Framework of Issue of Shares and Securities to Foreigners","datePublished":"2022-04-05T05:44:35+00:00","dateModified":"2023-01-02T06:15:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/"},"wordCount":1360,"publisher":{"@id":"https:\/\/www.legalwindow.in\/blog\/#organization"},"image":{"@id":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/#primaryimage"},"thumbnailUrl":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners-1.png","articleSection":["Company Law"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/","url":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/","name":"Regulatory Framework of Issue of Shares and Securities to Foreigners","isPartOf":{"@id":"https:\/\/www.legalwindow.in\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/#primaryimage"},"image":{"@id":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/#primaryimage"},"thumbnailUrl":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners-1.png","datePublished":"2022-04-05T05:44:35+00:00","dateModified":"2023-01-02T06:15:00+00:00","description":"Latest Article - Regulatory Framework of Issue of Shares and Securities to Foreigners. Difference between FDI and FPI.","breadcrumb":{"@id":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/#primaryimage","url":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners-1.png","contentUrl":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Regulatory-Framework-of-Issue-of-Shares-and-Securities-to-Foreigners-1.png","width":800,"height":800,"caption":"Regulatory Framework of Issue of Shares and Securities to Foreigners"},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalwindow.in\/blog\/regulatory-framework-of-issue-of-shares-and-securities-to-foreigners\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalwindow.in\/blog\/"},{"@type":"ListItem","position":2,"name":"Regulatory Framework of Issue of Shares and Securities to Foreigners"}]},{"@type":"WebSite","@id":"https:\/\/www.legalwindow.in\/blog\/#website","url":"https:\/\/www.legalwindow.in\/blog\/","name":"Legal Window","description":"Legal Solution Provider","publisher":{"@id":"https:\/\/www.legalwindow.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalwindow.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalwindow.in\/blog\/#organization","name":"LegalWindow","url":"https:\/\/www.legalwindow.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalwindow.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/legalwindow.in\/blog\/wp-content\/uploads\/LW-Logo-2.png","contentUrl":"https:\/\/legalwindow.in\/blog\/wp-content\/uploads\/LW-Logo-2.png","width":1245,"height":357,"caption":"LegalWindow"},"image":{"@id":"https:\/\/www.legalwindow.in\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/legalwindow.in\/","https:\/\/www.instagram.com\/legalwindow.in\/","https:\/\/www.linkedin.com\/company\/legal-window\/","https:\/\/in.pinterest.com\/legalwindow\/","https:\/\/www.youtube.com\/channel\/UCFtHKxaXtK4WjOe9UytbX9A"]},{"@type":"Person","@id":"https:\/\/www.legalwindow.in\/blog\/#\/schema\/person\/0d15d443f6478b86969f96816ea59630","name":"CS Urvashi Jain (M.COM, LLB, ACS)","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9688428c3b5a0b2f2c22195d91411315eba4822fbe2090ed08ee91103ece9678?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9688428c3b5a0b2f2c22195d91411315eba4822fbe2090ed08ee91103ece9678?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9688428c3b5a0b2f2c22195d91411315eba4822fbe2090ed08ee91103ece9678?s=96&d=mm&r=g","caption":"CS Urvashi Jain (M.COM, LLB, ACS)"},"description":"CS Urvashi Jain is an associate member of the Institute of Company Secretaries of India. Her expertise, inter-alia, is in regulatory approvals, licenses, registrations for any organization set up in India. She posse\u2019s good exposure to compliance management system, legal due diligence, drafting and vetting of various legal agreements. She has good command in drafting manuals, blogs, guides, interpretations and providing opinions on the different core areas of companies act, intellectual properties and taxation.","sameAs":["https:\/\/legalwindow.in"],"url":"https:\/\/www.legalwindow.in\/blog\/author\/csurvashijain\/"}]}},"_links":{"self":[{"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/posts\/107181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/comments?post=107181"}],"version-history":[{"count":8,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/posts\/107181\/revisions"}],"predecessor-version":[{"id":111868,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/posts\/107181\/revisions\/111868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/media\/107182"}],"wp:attachment":[{"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/media?parent=107181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/categories?post=107181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/tags?post=107181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}