DEAR ALL,
A FOREIGN COMPANY INCORPORATED AS 100% SUBSIDIARY IN INDIA. IT IS A LTD CO. IT HAS 7SHARE HOLDERS. ONE IS HOLDING CO AND THE OTHER 6 ARE NOMINEES OF HOLDING CO. THE HOLDING CO SENT MONEY FOR EQUITY PARTICIPATION FOR ALL. AND THE SAHRES HAS BEEN ALLOTTED TO SEVEN MEMBERS.
MY QUESTION IS
1.WHETHER THE COMPANY IS TO OBTAING RBI APPROVAL FOR EACH AND EVERY NOMINEE FOR THE INVESTMENT MADE BY THE COMPANY ON THEIR BEHALF.