Fdi-fema act

Querist : Anonymous (Querist) 23 January 2021 This query is : Resolved
We Established a software company with two resident indian shareholders ( 99% and 1% each one respectively). This software company has a 100% wholly owned subsidiary engaged in fdi not allowed agricultural and construction of farm house business. Now One of my Shareholders who had 1% willing to sell shares to Foreign Residents through FDI.In these circumstances, Is FDI allowed in a software company which has an FDI prohibited subsidiary company?

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A software company with Indian shareholders is considering allowing a foreign resident to buy shares via FDI. However, the company has a wholly-owned subsidiary involved in agricultural and farmhouse construction, sectors where FDI is not allowed. The core question is whether FDI is permissible in the parent software company under these circumstances.

Dr J C Vashista (Expert) 25 January 2021
Commercial query.
You can very well afford to engage a local prudent lawyer

Rajendra K Goyal (Expert) 31 January 2021
Take help of some expert lawyer dealing in the field of FDI.

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