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Nri investment

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 December 2011 what are the ways in which a NRI can invest in a shipping company....
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
23 December 2011 shipping Companies incorporated outside India and engaged in manufacturing or trading activities are allowed to set up Branch Offices in India with specific approval of the Reserve Bank. Such Branch Offices are permitted to represent the parent / group companies and undertake the following activities in India.

for more info:
https://www.rbi.org.in/scripts/FAQView.aspx?Id=26
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