Hello,
I'm in the process of incoporating a private limited company with its regd office in Mumbai. Both the directors and all the shareholders are from UK.
I've now learnt that since the directors are foreign based, they're required to obtain RBI approval. Can someone please shed some light on this. How do we get this approval? Is there a prescribed form for the same? Can it be done electronically or does it have to be submitted physically?
SIR,
Application for such cases are to be submitted in FC/IL form or on plain paper to Foreign Investment Promotion Board (FIPB) in Department of Economic Affairs, Ministry of Finance, Government of India North Block, New Delhi 110 001.
Non Resident Indians are required to submit their proposals to the Secretariat for Industrial Assistance (SIA) Department of Industrial Policy and Promotion, Government of India for consideration of FIPB
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