Share holders

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Yes, Non-Resident Indians (NRIs) can indeed become shareholders in Indian private companies. The company will handle the necessary reporting to the Registrar of Companies (ROC) and the Reserve Bank of India (RBI) for foreign currency receipts and share issuance. Compliance with FEMA guidelines is essential for this process.

shagul hameed

shagul hameed (Querist)
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06 September 2021 Is NRI can become share holder of Indian private company,If yes means what kind of documents and complainces they should provide to ROC

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 September 2021 Yes, company will take care of reporting requirements.
You need to pay for the shares issued.
Recipt of foreign currency to be reported to RBI by the company. Issue of shares to be reported to MCA.