Can foreign company invest in liquid funds in India?
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 09 April 2009
Hi
kindly post the exact query.
arvasweet
(Assistant Manager)
(39 Points)
Replied 09 April 2009
like a chartiable institution established under laws outside wants to provide funds to promote education and research among students.
Reena
(Company Secretary in Practise)
(36 Points)
Replied 09 April 2009
To provide eductaion for profit? or just for charity as the nature of the company is in its origin country?
CS Gaurav Jain
(Consultant)
(63 Points)
Replied 10 April 2009
Dear Member
On the basis of limited inormation, I submit as follows:
Donation by foriegn company to an Indian charitable Trust/society/section 25 Co registered under ForiegnContribution Act is permissable.
But there would be no returns and the donation would be on non-repatriation basis.
Views of members solicited.
regards
CS Gaurav Jain
+91-9212605990
J. Manivannan
(Advocate & IP)
(242 Points)
Replied 11 April 2009
Dear Members,
My Knowledge CS.Jains sir answer is correct
Certain kinds funds regulated by Ministry of Home Affairs through Foreign contribution Regulation Act, 1976.
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