What are the related complaince of RBI & Companies Act & procedure for below transcation?
1. A NRI Co purchase 30% stake in a resident company.
2. A Resident person purchase 51% stake in a foriegn company
in both case the companies are located in two different countiries and it effect forex transcation.
Thanks to all in Advance
| Originally posted by : Prakash Mali | ||
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The answer shall depend on whethert the shares ain Indian company are purcahsed on repatriation basis.
Form ODi and related compliances need to be done. |
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Anuj
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