can nri hold 90% share capital in pvt limited company which deals in jewelry trade.
for that rbi special permision require or not?
ASHISH VIJAY (ACCOUNTS MANAGER) (29 Points)
21 December 2010can nri hold 90% share capital in pvt limited company which deals in jewelry trade.
for that rbi special permision require or not?
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 21 December 2010
Kindly go through FDI and see the limits specify for specific sector .
Aman Jain
(Company Secretary in Practice)
(165 Points)
Replied 22 December 2010
Dear Ashish ji,
If this trade come under Retail Trade then only 51% FDI allowed with FIPB approval.
Aman Kumar Jain
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