Starting of new company by nri

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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)
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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)
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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.

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