Regarding Legal Formalities before FDI.

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Manager Accounts (CA. Final)
694 Points Posted on 12 March 2011

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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On 12 March 2011 at 11:47 Report
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Practices in NRI Int.Tax FEMA TP FD
7024 Points Posted on 24 March 2011

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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On 24 March 2011 at 22:50

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