NRI Entering into Partnership Firm in India
This query is : Resolved
Shrinivas Kota
(Querist)
18 January 2008
Can an NRI enter into a Partnership Firm in India.
Any Permission from the RBI is required.
Is there in cap on shareholding.
Procedure if any required to followed?
Can an NRI permitted to be a shareholder cum director in private limited company in india
Any Permission from the RBI is required.
Is there in cap on shareholding.
Procedure if any required to followed?
Can an NRI permitted to be a shareholder cum director in private limited company in india
S.Srinivasaraghavan
(Expert)
27 February 2008
Yes but subject to the conditions of FEMA. Please refer to FEMA Manual para 10D 14 and 10D 15
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