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Foreign Direct Investment (FDI) Reporting under FDI Scheme on the e-Biz platform

FEMA - 95 - Dated:- 17-4-2015 - RBI/2014-15/561 A.P. (DIR Series) Circular No. 95 April 17, 2015 To All Category - I Authorised Dealer Banks Madam/Sir Foreign Direct Investment (FDI) - Reporting under FDI Scheme on the e-Biz platform Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to the provisions of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations 2000, notified by the Reserve Bank vide Notification No. .....

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from National Informatics Centre (NIC) for accessing the e-Biz portal have now been finalised in consultation with Government of India, Department of Industrial Policy and Promotion (DIPP) and NIC. The details are as follows: i. The VPN account will be in the name of the individual users and will be coterminous with the lifetime of the Digital Signing (Class 2) certificates (which is for a maximum period of two years) issued by Institute for Development and Research in Banking Technology (IDRBT) .....

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rward the same to the email. A copy of the form is annexed to this circular. iv. AD banks may kindly note to maintain appropriate records pertaining to the number of connections, amounts remitted to NICSI, etc. Reconciliation issues, if any, may be resolved by writing to NICSI at the above mentioned email address. 3. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999). Yours faithfully, (B.P. K .....

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