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Foreign direct investment...

This query is : Resolved 
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(Querist)
03 February 2010 A domestic private company engaged in distributing cosmetic product has a foreign ivestor who interested in investing in it. The foreign investor is a person of indian origin (his wife is indian.

Would like to know the formailities and procedures to be complied for him to be able to remit the funds.
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M Prabhakar Menon

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M Prabhakar Menon (Expert)
04 February 2010 Thr RBI has delegated this authority to AD's(Authorised Dealers) which include scheduled banks u may contact the bank where the account is operated for this purpose Pl note there is a limit upto which this authority applies.
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