DEAR ALL,
A FOREIGN PUBLIC COMPANY INCORPORATED A WHOLLY OWNED SUBSIDIARY COMPANY IN INDIA. IT IS ALSO A PUBLIC LTD CO. THE FOREING COMPANY NOMINATED 6 MORE SHARE HOLDERS AND SEND THE MONEY TO THE INDIAN CO. THE COMPANY H AS ALSO COMPLIED WITH THE PROVISIONS OF SECTION 187C OF THE COMPANIES ACT, 1956.
1.WHETHER THE NOMINEE SHAREHOLDER ‘S FDI HAS TO BE APPROVED BY RBI SEPARATELY.
2.WHETHER SECTION 297 WILL ATTRACT?
