Investment in USA by an Resident Indian

Please Clarify the following Doubts ,

1.Can an Indian Invest In EQUITY of an existing corporation in USA  (i.e., an "Inc" [ in the state of california] ) without routing the Funds through US Stock Markets.

Yes provided that corporation is an existing one.

2. If yes,what are the Rules and Procedures ?

The same is permitted under LRS under which you can send 2 Lakh $ yearly.

3. Is there any Limit on the amount of Investment ?

$ 2 lakh yearly.

4. Any Rules and Regulations of India applicable to the above case ?

Income Tax Act, shall provide that income aising from such investments shall be taxable in India.

Anuj

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