Rbi complaince

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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 

Replies (1)
Originally posted by : Prakash Mali


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

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

The answer shall depend on whethert the shares ain Indian company are purcahsed on repatriation basis.


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

Form ODi and related compliances need to be done.

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

Thanks to all in Advance 

Anuj

+91-9810106211

femaquery @ gmail.com

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