Foreign national
This query is : Resolved
vivek shah
(Querist)
14 May 2013
i am a nepalese citizen working for a non-listed indian company as a director.
So, can i buy the share of the same company with the salary that i am withdrawing from the company? Or its only possible through FDI norms??
So, can i buy the share of the same company with the salary that i am withdrawing from the company? Or its only possible through FDI norms??
01 July 2013
Yes you can do so as Nepalese currency is not considered at par with Indian rupee and is not a foreign currency for India but there are restriction on purchase if the company is listed.
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