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FDI-FEMA Act


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?



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