Nri investment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 December 2011
what are the ways in which a NRI can invest in a shipping company....
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
for more info:
https://www.rbi.org.in/scripts/FAQView.aspx?Id=26
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