Requirements of oci to invest in asset reconstruction co.?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2013
Sir/Madam,
An OCI(overseas Citizenship of India) would like to invest in Asset Reconstruction Company.The company is Public Company.
What are the requirements to be fulfilled by OCI to invest in the public Co.?How the remittance of funds is to be invested in the public co.?
An OCI(overseas Citizenship of India) would like to invest in Asset Reconstruction Company.The company is Public Company.
What are the requirements to be fulfilled by OCI to invest in the public Co.?How the remittance of funds is to be invested in the public co.?
Anil Sankar V
(Expert)
15 August 2013
It can be via automatic / direct route.shall satisfy the rbi limtations on that. Fair valuation of share certificate is reqd. From the auditor.
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