A Private Limited COmany was incorporated and one of its subscriber is a NRI. So is it necessary to obtain RBI approval a the time of receiving the subscripttion amount.??
Priya Sharma
Priya Sharma (Company Secretary & Student.MBA) (998 Points)
04 January 2010A Private Limited COmany was incorporated and one of its subscriber is a NRI. So is it necessary to obtain RBI approval a the time of receiving the subscripttion amount.??
Priya Sharma
Aalhad Mahabal
(Student)
(50 Points)
Replied 04 January 2010
yess,
approvals and declarations under FEMA- RBI will be attracted in such cases.
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