FDI
This query is : Resolved
Mohit Garg
(Querist)
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
CS Vivek Hegde
(Expert)
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
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