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Fdi investment or not

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(Querist)
19 May 2016 Hi sir, Foriegn citizen comes to India for employment and he want to purchases shares of Indian company ,whether the transaction includes fdi norms,?
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Amol S Joglekar

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Amol S Joglekar (Expert)
20 May 2016 permission is generally granted subject to the overall limit of 25% or 49% or 75 % as the case may be. The declaration to that effect is required to be made at the time of opening of the trading account with BROKER.
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