Foreign direct investment...
This query is : Resolved
Michaelmanian
(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.
Would like to know the formailities and procedures to be complied for him to be able to remit the funds.
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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