Issue of shares to nri against patent

This query is : Resolved

Harvinder kumar (Querist)
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24 April 2012 Dear all professionals,

Please provide the solution of the following problem:-
If a foreign company/individual bring patent or technology to indian company and the inidan company wants to issue shares to that NRI in respect of such Patent. Kindly provide me what procedure to be followed. what Provisions of FEMA, Company Act, Patent Act or any relevent Acts to be followed while doing this.

Please provide the check list or link of website for check list if available as possible as soon.

Looking forward to your sincere and kind reply.

Thanks and Regards,
Harvinder

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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30 April 2012 The services are to be valued and you have to make an agreement with the technology provider. You can form a JV and through automatic route you can take him as a partner in JV