please let me know what all permissions are required to be taken from the Govt of India, including RBI etc and Government of Indonasia, in case a indian company desires of purchasing mine in Indonasia.
Pls consider this very urgent
Alok D. Mishra (Company Secretary Manager -Legal) (93 Points)
28 February 2011please let me know what all permissions are required to be taken from the Govt of India, including RBI etc and Government of Indonasia, in case a indian company desires of purchasing mine in Indonasia.
Pls consider this very urgent
rvsekar2000
(212 Points)
Replied 28 February 2011
Hello,
U can form a WOS in Indonesia and acquire the existing mine in Indonesia.
or an Indian company can purchase the enitre shareholdings of Indonesian company and have control over the same
Please click the following link to know more about the procedures :
https://rvseckarfema.blogspot.com/2011/02/procedure-for-investing-in-wos-in.html
But this ceiling of 400% of Net worth is not applicable if investment is out of funds raised thru ADR/GDR, or balances in Exchange Earners' Foreign Currency account of the Indian party.
Regards
R.V.Seckar
Pl do visit my blogs :
https://www.rvseckarcompanylaw.
https://rvseckarfema.blogspot.
https://rvseckarindianlaws.
Alok D. Mishra
(Company Secretary Manager -Legal)
(93 Points)
Replied 01 March 2011
Respected Sir
thanks you for your quick reply, but sir does law of Indonesia permitt WOS. And what is JV then is it same as WOS?
and which option is better haveing JV or having WOS?
CAclubindia
