regarding investment of profits in other country

This query is : Resolved 

17 July 2008
xyz(honkong) ltd is a company incorporated in hongkong
which is wholly owned subsidery of indian company.

X hongkong ltd now wants to invest its profits earned in hongkong in some other country.

will it require some permission from RBI
for investing such profits earned by it.

Regards

17 July 2008 212

18 October 2008 Other than in India?


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