can a NRI hold 50% of shares in a private company?
shwetha bhat (articled associate) (27 Points)
07 March 2009can a NRI hold 50% of shares in a private company?
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 07 March 2009
Off course yes. Iit depends upon the sector company is working in and FDI policy of the government for that sector.
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