How much % of share holding may be of foreign member/dirctor

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CA. Vinod Pandey (Querist)
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13 February 2010 Dear Experts,

How much % of shareholding may be of a foreign shareholder/director in an Indian Private Limited Company ?

An Indian company to be formed in which there be two director e.g. one from US citizenship and second one from india. Further, US director wants to hv 51% holding.

Business of the company would be selling garment through internet in india.

Please suggest wht procedure to be followed.

Rasesh

Rasesh (Expert)
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23 February 2010 The investment can be as high as 100% depending on the guidelines prescribed by the Department of Industrial Policy.

As regards the business under review, sorry am not aware. Please refer the govt website for precise details.