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NRI Entering into Partnership Firm in India

This query is : Resolved 
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(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
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S.Srinivasaraghavan

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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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