Investment to be made by foreigner
sri hari (director) (26 Points)
18 December 2015
Rahul Chilal
(CA, CS, DISA)
(713 Points)
Replied 18 December 2015
NRI's can invest in private company by way of issue of equity shares or Preferential shares or Debentures
Rahul Chilal
(CA, CS, DISA)
(713 Points)
Replied 18 December 2015
First of all see whether the FDI is permissable under FEMA regulations. FDI is permitted in 100% of sectors
Then decide upon whether Equity, preferential or debentures are to be alloted.
Then the amount to be transfered has to be done via a NRO Account or NRE account.
Apply to RBI in form FNC 7 for purchase of shares by NRI
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India