Applicability of fdi
This query is : Open
ADDITIONAL
(Querist)
08 June 2015
Dear Learned Members, please help me in the following issue:
We would like to incorporate a Pvt. Ltd. company in India and one of the Directors who is a Shareholder as well is a NRI, I want to know to what extent (%) he can invest in the company (share capital being Rs.1 lac)and if any FDI norms apply. Thanks in advance for the advise.
We would like to incorporate a Pvt. Ltd. company in India and one of the Directors who is a Shareholder as well is a NRI, I want to know to what extent (%) he can invest in the company (share capital being Rs.1 lac)and if any FDI norms apply. Thanks in advance for the advise.
Vishal D Shah
(Expert)
09 June 2015
It depends on the sector in which the company proposes to operate. Whether investment in such sector is allowed or prohibited or rectricted to % ceilings.
Also it depends on the method of investment by NRI, whether he wants to invest on repatriable basis or non repatriable basis
Also it depends on the method of investment by NRI, whether he wants to invest on repatriable basis or non repatriable basis
ADDITIONAL
(Querist)
09 June 2015
Thanks for the reply Sir, as of now we are looking only for the share capital amount (of Rs.50k) which he plans to put in for a Software Development Company. Please advise whether he can do it or is there a specific limit in share capital money being brought in by the NRI Director. This is only for the registration of the Company.
Vishal D Shah
(Expert)
09 June 2015
Investment in Software development company is permitted under Automatic route @ 100%.
He can bring forex for the same.
He can bring forex for the same.
ADDITIONAL
(Querist)
10 June 2015
Dear Sir, Thanks for the advise also can you please let me know if any documents are to be attested by CA or CS, while filing the application for registration.
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