Please explain me the legal formalities to be done by a indian resident person who want to make FDI in foreign country (outside India).
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Regarding Legal Formalities before FDI.
Replies (1)
Check whether the Indian person is a company or a Pvt ltd. company
Then the company or firm is entitled to invest upto 400% of its networth .
The Indian Company needs to file form ODI with annexures after the remmitance of amount.
Yearly they have to file form for assets and liabilities by 15th July.
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