Indian Company purchase by Foreign Company

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Deepak Maheshwari (Querist)
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09 December 2010 Dear Members,

I have a question regarding the above subject, If a foreign company purchase indian pvt. ltd company what are the step to follow as per RBi & ROC in terms of fund transfer & making directors from foreign company.

Please suggest

Regards

Deepak

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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09 March 2011 The foreign Company is allowed to purchase a specified percentage in the Indian company as per the FDI rules.

After the compliance of the same you need to follow the provisions of FEMA in this regard.

Anuj
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