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Investment in a company at abroad by resident Indian

This query is : Resolved 
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(Querist)
04 January 2008 Dear Sirs,
A resident Individual proposes to acquire 30% of shares in a pvt.ltd company functioning in the country Malawi(Africa).The said Indl has been regularly exporting materials to the company and the total amount of proposed investment is Rs.1.50 crores.What are the RBI provisions in this regard and what are the other provisions have to be seen.
Regards,
Maran.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
11 May 2012 Is this query still unresolved?
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