Hi
A foreigner to come india and to form a private limited company with one of the indian. What are the special procedures if any to be involved along with normal procedures?
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is a foreigner to form a private ltd in india?
Replies (1)
Hello,
Yes. A foreigner can promote a private limted company in India provided
1. It should not be restricted sectors of FDI. He can indulge in business in business under automatic approval route for FDI.
2. If he wants to repartriate later funds , it has to routed through foreign country through normal banking channels.
Regards
R.V.Seckar
Pl do visit my blogs :https://rvseckarcompanylaw.
https://rvseckarfema.blogspot.
https://rvseckarindianlaws.
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