Investment in gulf

Kapiljeet Singh (Querist) 01 April 2013 This query is : Resolved
Our co. is planning to invest in Gulf but the investment would e made in the name of an individual. Is this allowed or is prohibited by FEMA or any other act, regulation, etc.

Please advise

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Devajyoti Barman (Expert) 01 April 2013
Contact a CA or tax consultant.
This is commercial query anyway.

ajay sethi (Expert) 01 April 2013
company can afford legal fees . contact CA

prabhakar singh (Expert) 01 April 2013
Illegality stinks in your conception.

Vidhi Joshi (Expert) 01 April 2013
"Resident individuals are permitted to make overseas portfolio investments without any limit in listed overseas companies that have at least 10% share in an Indian company listed in a recognized stock exchange in India as on 1st January of the year of investment"...pls go thru FEMA circulars to know more...it is advisable to take professional advise of a CS or corporate lawyer...