Single format · FV08-L2-1

Reverse flip step plan

A single format from the The Reverse Flip, Bringing a Foreign Holding Company Home pack. Rule 9A NDI · OI Rules 2022 · s.233 / Rule 25A(5) · s.70 ITA 2025.

Length
2 pages
Blanks to fill
64
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Reverse flip step planRule 9A NDI · OI Rules 2022 · s.233 / Rule 25A(5) · s.70 ITA 202564 blanks

Read the opening

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

[Name of the firm] · Step plan · Client: [____] · HoldCo: [____] ([jurisdiction]) · IndCo: [____] (CIN [____]) · Route: [Route 2 merger / Route 1 swap and collapse] · Version [__] dated [DD.MM.YYYY]

Target effective date: [DD.MM.YYYY] · Two-year clean-up ends: [sanction date + 2 years]

#

Step

Law / form

Responsible

Target date

Status

Phase 1 — Diagnosis and regularisation

1.1

Fully diluted HoldCo cap table with residence, nationality and UBO of every holder

—

Client / foreign counsel

[__]

[__]

1.2

Press Note 2 analysis for each non-resident holder; decide Government route or FIFP prior report

NDI r.6(a); S.O. 2174(E); DPIIT SOP 04.05.2026

Firm

[__]

[__]

1.3

Founders' and employees' HoldCo holdings tested against ODI/OPI rules; compounding applications for defaults

OI Rules 2022; Compounding Rules 2024

Firm

[__]

[__]

1.4

IndCo FEMA health check: FC-GPR, FC-TRS, FLA, Form DI, ECB; LSF or compounding

FEMA 395/2019-RB

Firm

[__]

[__]

1.5

Foreign counsel: can HoldCo merge into an Indian company? Foreign approvals and timetable

Foreign law

Foreign counsel

[__]

[__]

1 more paragraphs and tables follow in the full format.

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