Allotment of Shares to NRI

This query is : Resolved

Sandeep Rohatgi (Querist)
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05 March 2009 Sir ,

Can any body advise that as to what % of total paid up capital a company can allot shares to its NRI Share Applicants .

With regards

Sandeep

Sir in this case the company is a Private Limited company having present paid up capital Rs 5 Lacs only but having NRI Share applicants . Companies principal business is in food catering

Neha Singhi

Neha Singhi (Expert)
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05 March 2009 Pls make your query more specific.
Is it a Pvt Co/Public Co.
Investment is through Portfolio Investment or FDI
Which sector the company is operating in? Ex-mfg domestic products or else
The information will help in giving the correct answer
Rgds
Neha
(neha@nehasinghi.com)

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