foreign nationals moa subscriber
This query is : Resolved
Vikas Gupta
(Querist)
09 September 2012
Hello Sir, I need your help. I am going to register a Pvt Ltd Company where out of 2 MOA subscriber 1 is from Netherland and he want to subscribe 80% of Total Shares. Auth Capital is Rs.100000 so foreign nationals Subscribe Rs.80000 and as per Notification No. FERA 143/93-RB, dated 26-4-1993 issued by RBI, only upto Rs.10000 can invest in general premission. so i want to know about the procdure to take premission from RBI. The Company is going to start Software IT sector business. Please Help
CA. Anuj Gupta
(Expert)
11 September 2012
FERA has been replaced by FEMA.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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