The Indian Reserve Bank has introduced a so-called Single Master Form (SMF) with the aim of integrating the existing reporting structures of different types of foreign investments in India. Using this single form, Indian entities can - and must - report all investments made by foreign investors and Indians who are not resident in India (Non-Resident Indians).
This form has to be submitted online. Indian entities can enter the data on total foreign investment through the RBI website(www.rbi.org.in) from 28 June 2018 to 12 July 2018. Indian entities that do not comply with this requirement cannot receive foreign investment (including indirect foreign investment). Failure to report foreign investments is in violation of the Indian Foreign Exchange Management Act, 1999.
Foreign investment is currently reported using different forms. The SMF merges this into one form and thus facilitates doing business in India.