cpc

nri setting up investment co.

Management Trainee

whether an NRI can set-up an Investment Company in India for purely investment purpose???? is possible to to bring funds from foreign country and invest in indian capital market?
 
Reply   
 
POWER OF DEFENSE IS IMMENSE

Yes he can do it if the company is regd in India, if not registration with SEBI essential.


Total likes : 1 times

 
Reply   
 


Management Trainee

sir, i did not get your point. please bare with me...my query is can we incorporate a private company in india promoted by an NRI. whose intention is to bring funds from guslf country and invest in indian capital market? what will be the procedure? i mean apart from Companies Act, 1956, what other procedure we will have to follow for incorporating the co.
 
Reply   
 
POWER OF DEFENSE IS IMMENSE

Yes you can do it.

If the company is incorprated in India and majority with Indian shareholders no prolbem.

If majority is even NRI , you have to take permission from SEBI for investment in share market.

For other invesments there is automatic approval window.

 
Reply   
 
Advocate and Arbitrator Formerly Civil Judge

Mr. Bhupendra, it is useful for you to visit the website of the Investment Commission of India at http://www.investmentcommission.in/

 
Reply   
 
B.com

you will be required the prior permission of RBI also.

 
Reply   
 
advocate and tax consultant

There are a couple of restrictions imposed under FEMA which will be required to be looked into, also certain specific approvals may be required to be taken depending upon the ownership and capital contribution structure of the Company.

 
Reply   
 
Corporate Lawyer

As regards NBFC is concerned any NRI can set up a finance company in India. However, RBI & MOC has made laws stringent now for setting up of the same. NRI intending to set up an Investment or Finance company needs compulsorily two directors who are resident directors stationed in India. Funds from foreign country are regulated by SEBI and MOC as per norms and that it should not be coming from Cayman Island and Mauritius as these countries have been black listed. Funds coming from USA need to have clearance from Federal Government and fund regulating authorities. 

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

  Search Forum








×

Menu

IPC Grand Course     |    x