Can anyone tell me whether investment in advertisement abroad is under automatic route or any prior approval of RBI si required??
If it is covered under auomatic route, then plz quote the relevant clause also.
Please suggest.
Regards
Priya Sharma
2 Replies
Aman Jain
(Company Secretary in Practice)
(165 Points)
Replied 12 January 2010
Dear Priyanka,
for what
investment in india
or investment outside india
Priya Sharma
(Company Secretary & Student.MBA)
(998 Points)
Replied 12 January 2010
Actually the one of the subscriber who is an NRI, has invested in this Company, and the busines of the Company is advertising its ads on foreign net.
Regards
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