What are the norms for a Non Resident Indian (of indian origin) to invest in equity shares of an Indian NBFC under FEMA?
Please answer with section and sub-section.
Thanks!
~Ambarish Vaidya
CFO - Decimus Financial Ltd.
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NRI Investment into Private Ltd Company
Replies (2)
Applicability of the Section depends on the various basis like Types of Industry , Investment amount , Repatriation Norms, etc.
Dear Ambarish
Its as per FDI Rules. So pls clarify type of industry(ies)
Regards
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