banner_ad

SEZ unit -SSI

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 May 2008 Indian company located in SEZ engaged in 100% export of Jewellery. A foreign company intends to invest 50 % in equity. Does FEMA automatic regulations permits such investment - or Indian company has to move to FIPB for permission. The confusion is that the CEO of Indian company carries an impression that since their unit is having an investment in plant & machinery is less than Rs.50 Million and therefore the unit is a SSI unit and therefore if investment exceeds 24 % they have to move to FIPB and no automatic route is available to foreign company.

Is such impression is correct?
Profile Image

Taranjit Singh

Profile Image

Taranjit Singh (Expert)
01 August 2010 Is this still pending??? plz pm
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details