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Foreign direct investment

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(Querist)
02 November 2009 A Private business is formed with the main objective as building promotion.
Can the company induct foreign funds for the promotion of the business?
Whether FDI is allowed in Real estate business. If so kindly specify the limits.
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
02 November 2009 NO, read the related notification point 3

http://rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=5094#16

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