Vikash Kumar (Manager Accounts (CA. Final)) (694 Points)
12 March 2011Please explain me the legal formalities to be done by a indian resident person who want to make FDI in foreign country (outside India).
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 24 March 2011
Check whether the Indian person is a company or a Pvt ltd. company
Then the company or firm is entitled to invest upto 400% of its networth .
The Indian Company needs to file form ODI with annexures after the remmitance of amount.
Yearly they have to file form for assets and liabilities by 15th July.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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