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Incorporation of private limited company

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2013 Dear all,

Can a company have an object cl as - To acquire real estate, in any foreign country & to earn rental income & to explore the possibilities of earning income on investment in shares & what kind of approval need to obtain from RBI.

Thanks in anticipation.
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Ajay Mishra

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Ajay Mishra (Expert)
03 December 2013 No need to take RBI approval for this purpose if you are going to incorporate a company having such objects.
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