Foreign Investment

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Shweta Sharma (Querist)
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23 December 2010 Can an Indian Co. held shares in Foreign Co. & upto how much amount an Indian Co. held shares in F. Co. without RBI approval.

Plz suggest me whats is procedure for that?

Thanx

Juzer Sadikot

Juzer Sadikot (Expert)
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23 December 2010 Dear Ms. Sharma

You are suggested to refer Foreign Exchange Management (Transfer and Issue of Foreign Securities) Regulation.

For you ready understanding, any Indian party's (Indian Co.) can make investment in Foreign Securities/financial commitments up cannot exceed 400% of its net worth in foreign Company.

Best Regards
Juzer Sadikot

Shweta Sharma

Shweta Sharma (Querist)
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24 December 2010 Thanx Sir.

R u CS?