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Can an indian citizen open a company overseas without any pe

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(Querist)
01 February 2012 Can an Indian citizen open a company overseas without any permission from the Govt. or any other authority of India?
Is there any bar in starting a company with indian citizen as intial subcriber to the shares of a company registered in a foreign country?

In case of Yes or No, please do mention how & under which law
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
01 February 2012 after reading below mentioned link if you have any query, ask:

https://www.rbi.org.in/scripts/FAQView.aspx?Id=32
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