Rbi complaince

Prakash Mali (Artical Assistant) (166 Points)

08 September 2011  

What are the related complaince of RBI & Companies Act  & procedure for below transcation?

1. A NRI Co purchase 30% stake in a resident company.

2. A Resident person purchase 51% stake in a foriegn company 

in both case the companies are located in two different countiries and it effect forex transcation.

Thanks to all in Advance