FDI
This query is : Resolved
24 June 2009
Dear Experts,
Please share ur views on the following query:
A company is into Single Brand Retail in which FDI upto 51% is allowed with prior approval of GoI.
Entire paid up capital is held by group of 1 NRI, 3 PIO and 1 Indian.
Would like to know the sectrol cap for investment by NRI & PIO in Single Brand Retail.
Would the equity investment held by NRI & PIO shall be counted for the limit of 51%.
Thanks
Mohit
Please share ur views on the following query:
A company is into Single Brand Retail in which FDI upto 51% is allowed with prior approval of GoI.
Entire paid up capital is held by group of 1 NRI, 3 PIO and 1 Indian.
Would like to know the sectrol cap for investment by NRI & PIO in Single Brand Retail.
Would the equity investment held by NRI & PIO shall be counted for the limit of 51%.
Thanks
Mohit
24 June 2009
Dear Mohit
Yes it is..
investment by NRI/PIO wil be considered as FDI. In case of Real Estate sector only NRI has some diferent recognition.
rgds
Vivek
Yes it is..
investment by NRI/PIO wil be considered as FDI. In case of Real Estate sector only NRI has some diferent recognition.
rgds
Vivek
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- STCG FOR GOLD ETFs
- Last year TDS Claim
- E way bill for tractors
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
