Fema
This query is : Resolved
Ankush Gupta
(Querist)
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
Ajay Mishra
(Expert)
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
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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