Dear Members,
A company "A' (indian holding company) has two WOS (foreign companies - B & C). Can Company B invest in equity of Company C? If so, whether any FEMA compliance need to be adhered to by Company 'A' ,as it will no more be holding 100% in Company C?
Your guidance in this regard will be appreciated.
Regards
SV
In this case Company B can invest in Company A. For that Company A has to follow FEMA rules for making disinvestment from WOS. Pass a Board Resolution and intimate to Reserve Bank of India through Authorised Dealer
In this case Company B can invest in Company A. For that Company A has to follow FEMA rules for making disinvestment from WOS. Pass a Board Resolution and intimate to Reserve Bank of India through Authorised Dealer
In this case Company B can invest in Company A. For that Company A has to follow FEMA rules for making disinvestment from WOS. Pass a Board Resolution and intimate to Reserve Bank of India through Authorised Dealer
In this case Company B can invest in Company A. For that Company A has to follow FEMA rules for making disinvestment from WOS. Pass a Board Resolution and intimate to Reserve Bank of India through Authorised Dealer
In this case Company B can invest in Company A. For that Company A has to follow FEMA rules for making disinvestment from WOS. Pass a Board Resolution and intimate to Reserve Bank of India through Authorised Dealer
In this case Company B can invest in Company A. For that Company A has to follow FEMA rules for making disinvestment from WOS. Pass a Board Resolution and intimate to Reserve Bank of India through Authorised Dealer
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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