RBI approval and FDI policy

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VINITHA RAJESH (Querist)
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29 June 2011 Hi,

An NRI want to invest in the equity shares of a company doing the business of agriculture. The funds will be transferred in Indian rupees

What are the procedures to be followed by the NRI for transfering the funds and by the company on accepting the funds.

Please advice.

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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30 June 2011 The answer shall depend on two factor:-

What do you mean by business of agriculture???

Also whether the funds are invested on repatriation basis or otherwise.

Anuj
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