FEMA - INVESTMENT IN REAL ESTATE SECTOR
This query is : Resolved
Bharath Jain
(Querist)
03 October 2008
can a foreign company become a partner in an indian partnership firm.
Can you tell me the as to how money has to be brought in India by this foreign company for purpose of doing business in real estate.
Can you tell me the as to how money has to be brought in India by this foreign company for purpose of doing business in real estate.
CA. Anuj Gupta
(Expert)
24 December 2010
No for both the queries.Foreign Company is not permitted to become a partner in an Indian partnership firm by virtue of Foreign Exchange Management (Investment in firm or proprietary concern in India) Regulations, 2000).
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
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