NRI Entering into Partnership Firm in India

This query is : Resolved 

18 January 2008 Can an NRI enter into a Partnership Firm in India.

Any Permission from the RBI is required.

Is there in cap on shareholding.

Procedure if any required to followed?

Can an NRI permitted to be a shareholder cum director in private limited company in india

27 February 2008 Yes but subject to the conditions of FEMA. Please refer to FEMA Manual para 10D 14 and 10D 15



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries