Single format · FV08-E3-1

Board note on bona fide business activity of the foreign entity

A single format from the Bona Fide Business, Prohibited Activities, Financial Services and Strategic Sectors pack. OI Rules r.9(1), r.19 · MD-OI paras 3, 20, 21(7).

Length
2 pages
Blanks to fill
39
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Board note on bona fide business activity of the foreign entityOI Rules r.9(1), r.19 · MD-OI paras 3, 20, 21(7)39 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

Note to the Board of Directors of [Name of the Indian entity] — Agenda item [Agenda item number] for the meeting on [Date of Board meeting]

PROPOSED OVERSEAS INVESTMENT IN [NAME OF FOREIGN ENTITY] — NOTE ON BUSINESS ACTIVITY AND ELIGIBILITY

1. Purpose of this note

This note places before the Board the information required to satisfy itself that the proposed investment of [Proposed investment amount] in [Name of foreign entity] is in a foreign entity engaged in bona fide business activity and is not in an activity prohibited or restricted under the Foreign Exchange Management (Overseas Investment) Rules, 2022.

17 more paragraphs and tables follow in the full format.

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