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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The NRI pays the subscription money in INR in India. Is this considered as Foreign Direct Investment
Replies (2)
Subscripttion money? or do you mean equity?
Subscriptttion money paid in respect of subscriber of MOA
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