Fdi in private indian company
This query is : Resolved
12 June 2013
Dear Experts,
One of my clients has just started the electric vehicle maufacturing concern as a private limited company. He would like to recevie FDI to the extent of 10% of share value. The foreign company will have 10% share in the indian company. Whether the foreign contribution can be transferred to the indian company's bank account under AUTOMATIC APPROVAL ROUTE under FDI POLICY. Is there any other formalities. The total capital would be 10 crores and the FDI would be 1 crore ie 10% share. Pls guide me.
One of my clients has just started the electric vehicle maufacturing concern as a private limited company. He would like to recevie FDI to the extent of 10% of share value. The foreign company will have 10% share in the indian company. Whether the foreign contribution can be transferred to the indian company's bank account under AUTOMATIC APPROVAL ROUTE under FDI POLICY. Is there any other formalities. The total capital would be 10 crores and the FDI would be 1 crore ie 10% share. Pls guide me.
17 June 2013
kindly read provisions of fcra for your ansewr
17 June 2013
Is fcra not for associations receiving foreign contributions?
This is manufacturing pvt ltd company issuing shares to foreign company. The foreign company is going to be one of the shareholders in the indian pvt ltd company. Pls advise.
This is manufacturing pvt ltd company issuing shares to foreign company. The foreign company is going to be one of the shareholders in the indian pvt ltd company. Pls advise.
27 June 2013
Hi
If the foreign company already have 10% shares in the company and want to take further shares, please check FDI norms on sectoral cap, up to which a foreign investor can take shares of that Indian company.
For more details, read Master Circular issued by RBI on FDI on july 1, 2012.
If the foreign company already have 10% shares in the company and want to take further shares, please check FDI norms on sectoral cap, up to which a foreign investor can take shares of that Indian company.
For more details, read Master Circular issued by RBI on FDI on july 1, 2012.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Whether still royalty
- Payable outstanding for years disallowance
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- Residential status for filling income tax returns in India
- Deemed to be University shall pay gst on Bus fee collection from students
- Section 194LBB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
