Anup Gupta (Service) (52 Points)
02 August 2011
Dear All,
Can any one guide me about the FECB?
The basic purpose of asking the query is that a company is interested in selling its stake to any NRI. What should be the procedures and formalaties for the same and what are the ways for the investment by a foreign company/indiviual in an Indian Company?
Thanks
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7019 Points)
Replied 18 August 2011
Dear Anup,
In normal paralance the the term "FECB" is used for Foreign External Borrowings. Kindly specify what exactly you want to know about "ECB".
First and formost for purchasing of stake by NRI/Foreign Company the FDI Policy of government needs to be checked. Kindly specify the area of activity of Indian Company.
Other issues can only be discussed after the basic step of checking the investment in Indian under Automatic Route or approval route is completed.
Anuj
+91-9810106211
femaquery @ gmail.com
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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