my co. (indian) wants to become sole selling agent for another foreing co. for this purpose it has entered into agreement acc. to which my co. is required to purchase goods for a certain minimum amount. and then my co. has to sell it in india by becoming an exclusive agent for the foreign co. the contract is for five year.
i want to ask whether any permission from RBI is required or not or it attracts any other provision of company law or FEMA. Pls reply early
CAclubindia
