Starting of new company by nri

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2014 I would like to know the procedure and acts that one should look while an nri or pio or a foreign citizen has to start or invest in a company in india.
is there any form to be filled in this acse

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

02 January 2014 with regards to ROC, most of the compliances remain same for registration. For application of DIN, the documentation requires to be apostiled/ consularised (this is the additional requirement).

Further, compliances under FEMA for receipt of share application money, allotment of shares, compliances with FDI policy need to be checked.

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2014 what if an nri wants to start a pvt ltd company in india

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

02 January 2014 i believe the above remains same under FEMA for NRI too. only difference can be that if the NRI holds Indian ID and address proof, procuring DIN etc will be easier.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok