Legal Question in Business Law in India
My dear attorneys,
Can an NRI invest in an Indian private limited company on a non repatriation basis by way of cash. Request you provide reference to some literature for my further understanding.
Thanks
Rama
Asked on 5/04/14, 11:57 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
05.05.2014
Dear Rama,
No, a Non Resident Indian can only invest in an Indian private limited Company vide foreign currency remittances made from outside India through proper banking channels as per the prevailing Reserve Bank of India guidelines for investment..
Regards,
Answered on 5/05/14, 12:24 am
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