Foreign Collabartion

Vikram (Querist) 29 June 2010 This query is : Resolved
A Indian Private limited co is presently in dialog with a NRI whereby the NRI has offered his technical expertise to the Indian firm in exchange for a share in Capital of India co.

Pl advise:-
1. Will this constitute FDI, considering the Indian Co is supposed to undertake Construcion business.

2. If the MoU with the NRI require permission of Central Government.

3. The MoU shall contain Non-Compete & Exclusivity clause for any business in India. If such agreement is possible & enforecable by law.

4. Format of agreement & specific references to Legal provision is desirable.

Thanks & Regards,

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