nri
This query is : Resolved
vignesh srinivasan
(Querist)
08 July 2011
1.can an NRI invest in india for doing business either by himself or through his relatives?
2.If funds are transfered through his relative, what is the limit of investment specified?
2.If funds are transfered through his relative, what is the limit of investment specified?
09 July 2011
According to me.....
1) There is no objection to invest in India.
2) If investment is done by the NRI himself than the investment amount can not be exceed the sectoral cap which is determined by RBI and in case investment done through his relatives resident in India than sectoral cap will not be applicable.
1) There is no objection to invest in India.
2) If investment is done by the NRI himself than the investment amount can not be exceed the sectoral cap which is determined by RBI and in case investment done through his relatives resident in India than sectoral cap will not be applicable.
CA. Anuj Gupta
(Expert)
09 July 2011
1.NRI can invest directly in India, there are various facilities available for NRI's to invest in India.Also NRI's should not invest through relatives as the sum transferred by NRI to his relative shall be deemed to be loan, to which there are certain restrictions in FEMA.
2.Answered above ,the NRI should refrain from investing in India through relative.
Anuj
091-9810106211
2.Answered above ,the NRI should refrain from investing in India through relative.
Anuj
091-9810106211
10 July 2011
I agree with Mr. Anuj Gupta
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
