Maddury and Associates

FEMA Fridays.

One regulatory question a week, answered plainly. Written by Srinivas Maddury.

FF28/18 Sept 2026
You only own 10%. So how come FEMA Draft FI Rules, 2026 is looking at you as in control?
Ten percent doesn’t look like control. Under the Draft FI Rules, 2026, it could start looking like it.
FF27/18 Sept 2026
Because FEMA Draft FI Rules, 2026 is finally asking: “Why should only companies get the foreign money?”
Foreign investment has long been built around companies and LLPs. The draft 2026 framework may be ready to open the door wider.
FF26/18 Sept 2026
You can split the shares. You can’t split the ownership story.
Two offshore SPVs can keep a foreign investment below 10% on paper. FEMA Draft FI Rules, 2026 may still see 15%.

A question of your own?