Legal Question in Business Law in India
What are the laws applicable to Private Equity Transactions in india
Asked on 3/11/14, 5:52 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
12.03.2014
Dear Sir / Madam,
If the private equity transactions are locally sourced, they will be governed by the prevailing guidelines of the Reserve Bank of India and the Ministry of Corporate Affairs, New Delhi. Where the private equity transactions are being funded by NRI's / OCI's / PIO's from outside India, they will attract the provisions of the Foreign Exchange Management Act (FEMA).
Regards,
Answered on 3/11/14, 10:41 pm
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