What are the norms for a Non Resident Indian (of indian origin) to invest in equity shares of an Indian NBFC under FEMA?
Please answer with section and sub-section.
Thanks!
~Ambarish Vaidya
CFO - Decimus Financial Ltd.
Ambarish (GM Finance) (28 Points)
08 July 2010What are the norms for a Non Resident Indian (of indian origin) to invest in equity shares of an Indian NBFC under FEMA?
Please answer with section and sub-section.
Thanks!
~Ambarish Vaidya
CFO - Decimus Financial Ltd.
Nitin Grover
(CS)
(1228 Points)
Replied 09 July 2010
Dear Ambarish
Its as per FDI Rules. So pls clarify type of industry(ies)
Regards
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