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FOREIGN DIRECT INVESTMENT BY NRI INTO AN INDIAN COMPANY

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(Querist)
27 October 2010 Can an NRI directly remit his investment or through his NRNRE Account in India to acquire Equity Capital in a Private Limited Company manufacturing Automobile Components in India. If so, are there any reporting/complying procedures under RBI/FEMA or any other Regulatory Authority or to the Central Government. OR Prior approval is needed before remittance into India. Pl. explain the procedures to be followed by the Indian Company upon receipt of NRI investment in Foreign Currency towards Share Application Money
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Ajay Mishra

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Ajay Mishra (Expert)
29 October 2010 Hi


I will suggest you to read FEMA Regulations along with Master Circular issued by RBI on July01, 2010. This will help you to resolve your queries.


Regards
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PLV SUBRAHMANYAM

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PLV SUBRAHMANYAM (Querist)
29 October 2010 Thank you very much Mr.Ajay Mishra
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