Fdi in company engaged in old age housing
This query is : Open
12 January 2012
Dear Colleagues
Whether an Overseas entity Invest in equity of a Company engaged in Developing and leasing of OLD AGE HOmes.
Please clarify.
Regards
Ssohan R Baggmar
Whether an Overseas entity Invest in equity of a Company engaged in Developing and leasing of OLD AGE HOmes.
Please clarify.
Regards
Ssohan R Baggmar
13 January 2012
If activity does not fall in real estate business definition under fema it can. Check thoroughly. In case of doubt try approval route with specific permission. If falls in definition not permitted even under approval.
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