Legal Question in Investment Law in India
Whether remittance from foreign investors are allowed directly in the defence sector and not through the intervening medium of trusts as required by established guidelines of RBI??? and if yes whats the procedure.
Country : India
Asked on 5/10/12, 1:51 am
1 Answer from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
It needs RBI and FIPB etc for FDI in Defence sector. The procedure is very lengthy to explain.
Answered on 5/10/12, 2:39 am
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