Prakash Mali (Artical Assistant) (166 Points)
08 September 2011What 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
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 08 September 2011
| 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
+91-9810106211
femaquery @ gmail.com
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