Can a foreigner invest in share capital of indian company?
This query is : Resolved
Rishabh Sharma
(Querist)
01 July 2016
We need to incorporate a company in India. We are seeking a way from which we could get the remittance from a person in london as the subscription of share capital. The amount is around UK Pounds 35000/-. Can we issue the share of indian company to the person living in london? Is there any approval needed from RBI? Is there any requirement under FEMA for such transaction?
Guest
Guest
(Expert)
14 July 2016
That depends on the natre of business. If the nature of business is listed in approval list, you need to get prior RBI approval. Else you can go through automatic route. Once you tell the nature of business, I can clarify.
Rishabh Sharma
(Querist)
16 July 2016
Business in electronics and unlisted
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