The NRI pays the subscription money in INR in India. Is this considered as Foreign Direct Investment

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Student
15 Points Posted on 30 December 2023

A Non-Resident Indian (NRI) and a person residing in India form a private company in India. The NRI pays the subscripttion money in INR in India. Is this considered as Foreign Direct Investment (FDI), and is the transaction legal?

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On 30 December 2023 at 08:00 Report
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This discussion explores whether an investment made by a Non-Resident Indian (NRI) in an Indian private company, where the subscription money is paid in INR within India, qualifies as Foreign Direct Investment (FDI). It also addresses the legality of such a transaction, clarifying the nature of 'subscription money' in this context.

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Accountant
1227 Points Posted on 30 December 2023
Subscripttion money? or do you mean equity?
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On 30 December 2023 at 08:58
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Student
15 Points Posted on 30 December 2023

Subscriptttion money paid in respect of subscriber of MOA

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On 30 December 2023 at 09:25

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