Can ECB use for acquisition of land by a foreign company, who is planning to buy land and constructing a factory?
The land may or may not be in a SEZ.
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7014 Points)
Replied 28 July 2011
I understand that foreign must have inciorporated a 100% Indian subsidiary.
Here kindly specify the sector in which the Indian company is operating and also what exactly the company wants to do with ECB.
Anuj
+91-9810106211
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Mady
(Assistant Managar)
(28 Points)
Replied 11 January 2012
This is a Korean company incorporated in India; who is in automobile Industry and plan to set up a green field manufacturing facility near Chennai.They have arranged ECB thorugh thier parent company in Korea for buying land and other preliminary expenses in Chennai.
Mady
(Assistant Managar)
(28 Points)
Replied 11 January 2012
This is a Korean company incorporated in India; who is in automobile Industry and plan to set up a green field manufacturing facility near Chennai.They have arranged ECB thorugh thier parent company in Korea for buying land and other preliminary expenses in Chennai.
Mady
(Assistant Managar)
(28 Points)
Replied 11 January 2012
This is a Korean company incorporated in India; who is in automobile Industry and plan to set up a green field manufacturing facility near Chennai.They have arranged ECB thorugh thier parent company in Korea for buying land and other preliminary expenses in Chennai.
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7014 Points)
Replied 15 January 2012
Have they got UIN from RBI.
Anuj
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