Foreign Investment
This query is : Resolved
Shweta Sharma
(Querist)
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
Plz suggest me whats is procedure for that?
Thanx
Juzer Sadikot
(Expert)
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
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
(Querist)
24 December 2010
Thanx Sir.
R u CS?
R u CS?
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