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)
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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