09 April 2009
First you have to check the amount of investment he is going to make. Then check under the FEMA act and RBI guidelines whether the amount is within the limit of automatic route. If in automatic route receive the money and inform RBI within 30days from the date of receipt of money.
If the amount is not within the limit of automatic route then you have to get approval from FIPB - foreign investment proposal board and then only you can receive the investment.
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