Kanishka Roy (CA Final Student) (46 Points)
06 January 2010A foreign individual investor wants to invest in an existing Indian Pvt Co as a shareholder or director. Can he do so? What are the relevant procedures?
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 23 March 2011
Yes the foreigner can do so subject to FDI provisions (ie the sector in which the Indian company is working)
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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