Rbi/fema/fera permission

This query is : Resolved

CA. ABDUL RASHID (Querist)
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04 October 2012 my querry is that a foreign national is a subscriber of a MOA in indian private limited company and wants to send some money in india as a capital and other type of investments.
weather the company will take prior permission to take foreign money or not ?
and mode of that investment by foreign national and if permission required then what types of approval will be taken by co. and which forms?
regards
CA Abdul Rashid

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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05 October 2012 sir..in this case (s/he) OPEN NRO ACCOUNT AND FOLLOW:

RBI/2010-11/560 A.P. (DIR Series) Circular No. 70

June 9, 2011

LINK IS:

https://rbi.org.in/scripts/NotificationUser.aspx?Id=6454&Mode=0

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