Private company incorporation
This query is : Resolved
17 December 2018
I need to incorporate a new private company, where the 51% shares would be held by an Indian promoter and 49% is to be held by a foreign company (Chinese Company). will the company Incorporation procedure be same as other private Company Incorporation or do we need extra documentation for the same? will RBI come into scenario
17 December 2018
please refer to RBI circular on FDI.
17 December 2018
ideally first incorporate as an Indian company with 100 percent ownership with Indian promoters. This way atleast the incorporation process won't face any additional issues. Then do the transfer of 49% shares. File FCTRS/FCGPR (depending upon how the equity is being transferred). Do the RBI compliance for foreign inward remittance and allotment/transfer of shares.
Message likes :
1 times
19 December 2018
Thank you for your help
19 December 2018
you are most welcome Neha.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Excess income received or excess expenses paid
- What is reason of its
- Is Input or receivable interchangeable words
- TDS - Form 26QB - Installment - Final payment Query
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
