Foreign technology collaborations
that are eligible for approval are :
Technical know-how fees.
Payment for designs and drawings.
Payment for engineering services.
Other royalty payments.
The Reserve Bank of
India (RBI) accords automatic approval to foreign technology agreements
in all industries, within certain prescribed monetary limits. There
are separate limits for lumpsum payments, royalty payments, etc.
Our Corporate Advisory Team comprises of professionals who have
wide and extensive experience in structuring collaboration and royalty
proposals for corporates and in advising and assisting on various
matters in connection therewith. Our range of services includes
Identification of Indian partner for technical collaboration.
Vetting of proposals received from Indian companies / parties
for technical collaboration
Drafting of technical collaboration / royalty agreement
considering Indian legal, tax and exchange control implications,
special and pre-emptive rights
Obtainment of approval (where necessary) and registration
from Reserve Bank of India
Advising on withholding tax, transfer pricing regulations
in relation to technical know-how fees, royalty, engineering
/ designs & drawing fees and fees for technical services