LITT
Try LITT free
Def.
Lex-O-Pedia
A Returning NRI Wants to Invest Foreign Savings in an Overseas Company: Is It ODI or OPI, and What Does FEMA Require?
When a returning NRI invests foreign-earned savings into unlisted equity of an overseas company as a promoter-director, the transaction is Overseas Direct Investment under the 2022 rules. Here is the compliance map.
Read full entry →
Def.
Lex-O-Pedia
Can an NRI Gift Money to Resident Parents in India, and What Tax, FEMA and Stamp Duty Rules Apply?
A gift from an NRI child to resident parents is permissible under FEMA with no cap and fully exempt in the parents' hands under Section 56(2)(x). The gift deed, stamp duty and documentation questions explained.
Read full entry →
Def.
Lex-O-Pedia
What Protections Should Founders Negotiate in Shareholders' Agreements With European Investors?
Indian statute, not the investor's term sheet, sets the outer limits of a shareholders' agreement. How founders dealing with European investors can use Companies Act supremacy, Section 27, NCLT oppression remedies and market benchmarks to push back on aggressive terms.
Read full entry →
Def.
Lex-O-Pedia
Asset or Shares? How Should Cross-Border M&A Into India Be Structured?
Asset deal or share deal? In cross-border Indian M&A that one choice drives liability, tax, five layers of regulatory approval and the enforceability of every key clause. A 2026 playbook covering FEMA, CCI, SEBI, slump sales, indirect transfers, indemnities and arbitration.
Read full entry →
Columns
24 min read
One Rulebook for the G-Sec Market: Decoding the RBI's 2026 Draft Master Direction on Secondary Market Transactions in Government Securities
The Reserve Bank's draft Master Direction collapses 36 legacy circulars into one rulebook for secondary market trading in Government securities. T+1 settlement as default, calibrated When Issued limits, short sale codified for all eligible entities, and a defined FEMA pathway for non-residents.
Sushant Shukla
Contributor
India-RBI
Foreign Exchange & FEMA: The Complete Regulatory Timeline
Between those two laws and the 2,446 RBI circulars and FEMA notifications that operationalized them lies the complete story of India's integration into the global financial system. This is that story.
·
·16 min read