Foreign Investment Promotion Board
The Foreign Investment Promotion Board (FIPB) is a government body that offers a single window clearance for proposals on Foreign Direct Investment (FDI) in India that are not allowed access through the automatic route.
The Minister of Finance considers the recommendations of the FIPB on proposals for a foreign investment up to 1200 crore. Proposals involving foreign investment of more than 1200 crore require the approval of the Cabinet Committee on Economic Affairs (CCEA).
Check list Documents
Check list of document to be attached with and information to be provided in each set of the Application Form for consideration fresh proposal by FIPB
| Sr. No. | Name of the Document / Item of information |
| 1 | Filling up application form in 15 copies. A format available at the following web address on the FIPB website- http://finmin.nic.in/the ministry/dept eco affairs/fipb/fccheck.doc (pl. note that this format is in the process of revision. However, till the time the revised format is notified on the website, this format may be used) |
| 2 | Detail of the foreign investor(s) / collaborator(s) indicating their promoters, parentage , group companies / affiliates (Please also provide the name ,contact address and passport number of the directors/promoters of the company) |
| 3 | Copies of certificate of incorporation(s) and memorandum of Association of the foreign investor(s) /collaborator(s) |
| 4 | Details of the Indian joint venture partner(s) /technical collaborator indicating their promoters, parentage, group companies/affiliates |
| 5 | Copies of certificates of incorporation(s) and memorandum of association of the Indian joint venture partner(s)/technical collaborator(s) |
| 6 | For companies having /proposing to have multi sectoral activities, details of all the existing/ proposed activities along with four digit NIC code, which can be accessed at the web address http://siadipp.nic.in/policy/nic/nic.htm |
| 7 | In case the proposed investment is in holding company, the details/information about the activities of the downstream investments. |
| 8 | Copies of certificates of past FIPB/SIA/RBI approvals, connected with the current proposal |
| 9 | In case of transfer of existing equity – the board resolution of the investee company and the consent of the transferor shareholder(s) |
| 10 | In case of fresh issue of shares – the board resolution of the investee / issuing company to that effect |
| 11 | Pre and post investment, category wise detail shareholding structure of the investee company mentioning name of each shareholder. In case of listed companies, this information shall be as on the last working day of the month, previous to the month, when the application is being filed. |
| 12 | Pre and post investment, category wise detail shareholding structure of the investee company mentioning name of each shareholder. In case of listed companies, this information shall be as on the last working day of the month, previous to the month, when the application is being filed. |
| 13 | In case of indirect foreign investment in the investee company through Indian companies, the details of such indirect investment, mentioning the name of foreign companies and their shareholding |
| 14 | Where the payment for technology/trademark/brand name/any other IPR falls outside cap for automatic approval of FIPB, justification for higher payment. For eligibility of automatic route please refer to Press Note No. 19 of 1998, PN 9 of 2000 and PN 1 of 2002 available at the web address http://siadipp.nic.in/policy/chances.htm (as applicable in your case) |
| 15 | Declaration in attached Performa from each of the foreign investor / collaborator, on their official letter head, with full name and contact address of the signatory of the declaration. |
| 16 | Details of ‘existing’ ventures. Please refer to the Press Note 1 and 3 of 2005 at the web address http://siadipp.nic.in/policy/change.htm for policy provisions regarding this information. |
| 17 | A copy of the JV agreement / shareholders’ agreement / technology transfer/ trademark/brand assignment agreement (as applicable) in case there existing ventures |
| 18 | The comments of the Indian Partners/ technical /trademark collaborators about the new venture, on their official letter heads, with full name and contact address of the signatory of the comments. |
