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This query is : Resolved 

20 February 2012 In case, if an indian is acquired by an Foreign company is it require to take FIPB ??/ and again if once FIPB approval is taken does it require to take FIPB approval again if additional Share Capital is coming

20 February 2012 Hi Ankush,


Any transaction involve in foreign currency, the intimation to RBI is mandatory.

For shares Capital you must follow, Master Circular Issued by RBI on Foreign Direct Investment(FDI).


Regards


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