23 January 2021
We Established a software company with two resident indian shareholders ( 99% and 1% each one respectively). This software company has a 100% wholly owned subsidiary engaged in fdi not allowed agricultural and construction of farm house business. Now One Shareholder who had 1% willing to sell shares to Foregn Residents through FDI.In these circumstances,Is FDI allowed in a software company which has an FDI prohibited subsidiary company?
CAclubindia
