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regarding investment of profits in other country

This query is : Resolved 
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(Querist)
17 July 2008
xyz(honkong) ltd is a company incorporated in hongkong
which is wholly owned subsidery of indian company.

X hongkong ltd now wants to invest its profits earned in hongkong in some other country.

will it require some permission from RBI
for investing such profits earned by it.

Regards
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rakesh sharma

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rakesh sharma (Querist)
17 July 2008 212
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
18 October 2008 Other than in India?
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