does a foreign company needs to have a status of FII , Registration Under SEBI and or RBI is a must even if the amount does not exceed 10% of paid up capital os a company in India ? please enlighen me
thanks
1 Replies
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 06 May 2011
No, foreign company doesn't need to have a status of FII , Registration Under SEBI even if the amount does not exceed 10% of paid up capital os a company in India.
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