FII whether Person resident in India
This query is : Resolved
08 May 2008
Dear All,
I would like to know whether FIIs are person resident in India or not as per FEMA ?
Regards
Harish
I would like to know whether FIIs are person resident in India or not as per FEMA ?
Regards
Harish
08 May 2008
Dear Hari,
FII aere not residents of India as per FEMA.
They are people coming from abroad and investing in India.
The full form of FII speaks for itself , Foreign Institutional Investors.
FII aere not residents of India as per FEMA.
They are people coming from abroad and investing in India.
The full form of FII speaks for itself , Foreign Institutional Investors.
08 May 2008
Dear Amit,
Whether as per provisions of Sec 2(v) (iii)of FEMA will FIIs be Person resident in India ?
Regards
Harish
Whether as per provisions of Sec 2(v) (iii)of FEMA will FIIs be Person resident in India ?
Regards
Harish
12 May 2008
Yes hari, they would not be residents of India.
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