FEMA

JEGADEESAN (Querist) 17 March 2010 This query is : Resolved
I want to clarify one doubt regarding FDI.i.e.
Let a company registered under Indian Companies Act 1956, in India by the foreign promoters.Now is it require to intimate about it's activities and share holding pattern to RBI?

If an NRI will invest in an Indian Company, It is also required to RBI or not.
Please clarify the above doubt .

Thanking You,
Regards,
S.jegadeesan

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Parthasarathi Loganathan (Expert) 17 March 2010
There are various schemes floated by nationalised banks devising bonafide remittance channels to invest in Indian Companies. Please visit a bank to get it clarified.

Raj Kumar Makkad (Expert) 17 March 2010
Definitely NRI is also required to obtain sanction of RBI

Kumar Thadhani (Expert) 18 March 2010
NRI Will have follow norms of RBI for investment in India.

JEGADEESAN (Querist) 19 March 2010
Dear Sir,
Thanks for your reply.Is it apply to Pvt Ltd Company? .If so,normally we have intimated the share holding pattern & also promoters details at the time of company formation(PVt Ltd)to the ROC.My query is, Even intimated to the ROC, is it require to intimate RBI separately?

Regards,
S.Jegadeesan

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