please let me know what all permissions are required to be taken from the Govt of India, including RBI etc and Government of Indonasia, in case a indian company desires of purchasing mine in Indonasia.
Pls consider this very urgent
Menu
Foreign Investment
Replies (2)
Hello,
U can form a WOS in Indonesia and acquire the existing mine in Indonesia.
or an Indian company can purchase the enitre shareholdings of Indonesian company and have control over the same
Please click the following link to know more about the procedures :
https://rvseckarfema.blogspot.com/2011/02/procedure-for-investing-in-wos-in.html
But this ceiling of 400% of Net worth is not applicable if investment is out of funds raised thru ADR/GDR, or balances in Exchange Earners' Foreign Currency account of the Indian party.
Regards
R.V.Seckar
Pl do visit my blogs :
https://www.rvseckarcompanylaw.
https://rvseckarfema.blogspot.
https://rvseckarindianlaws.
Respected Sir
thanks you for your quick reply, but sir does law of Indonesia permitt WOS. And what is JV then is it same as WOS?
and which option is better haveing JV or having WOS?
Recent Topics :
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
Related Topics :
CAclubindia
