Fdi-fema act

This query is : Resolved 

Querist : Anonymous (Querist)
23 January 2021

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?

Dr J C VashistaOnline (Expert)
25 January 2021

Commercial query.
You can very well afford to engage a local prudent lawyer

Rajendra K Goyal Online (Expert)
31 January 2021

Take help of some expert lawyer dealing in the field of FDI.

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