28 October 2013
Around 30% of share capital of our company is held by a wholly owned subsidiary(indian company) of a Foreign Company. We have received a comment from a due diligence team that due to the above investment the entire FDI Policy is applicable to us except FCGPR reporting . Is their view correct?
28 October 2013
we have not made any investment. Actually 30% of our share capital is held by a the subsidiary of foreign company. Investment is made to our company
28 October 2013
If investment is made by outsider in Indian company then yes the provision of FDI guidelines will apply. You will comply the provision of FEMA in this regard.
CAclubindia
