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Foreign national

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(Querist)
14 May 2013 i am a nepalese citizen working for a non-listed indian company as a director.

So, can i buy the share of the same company with the salary that i am withdrawing from the company? Or its only possible through FDI norms??
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
01 July 2013 Yes you can do so as Nepalese currency is not considered at par with Indian rupee and is not a foreign currency for India but there are restriction on purchase if the company is listed.
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