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NRI status

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(Querist)
18 July 2011 hi

can NRI start a pvt ltd company in india?
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CS Bijoy

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CS Bijoy (Expert)
19 July 2011 Yes can start but previous approval of RBI required to obtain.
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
19 July 2011 The issue shall be in which sector the NRI wants to open Company in india.

Also whether he wants to invest on repatriable basis or non repatriable basis shall also play a crucial role.

Anuj
+91-9810106211
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NITIN SHARMA

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NITIN SHARMA (Expert)
20 July 2011 yes you can definately statrt a company in India after fulfillin some formalities and conditions.
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