FDI by a USA Citizen

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..... FDI by a USA Citizen
Query (Issue) Started By: - RAJEEV JAIN Dated:- 10-4-2018 Last Reply Date:- 30-8-2018 FEMA
Got 2 Replies
FEMA
Dear all, Please throw some light on whether a person ( .....

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..... being a USA resident and citizen) can hold shares in his own name if he transfers funds from his company in which he is a shareholder and Director in USA? For Eg. Mr A wants to be a shareholder in AB .....

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..... C Ltd in India but wants to transfer funds to ABC ltd from XYZ Inc. USA and become shareholder of ABC Ltd himself. Mr. A is not bringing funds from his own bank account. Thanks in advance. Reply By .....

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..... YAGAY and SUN: The Reply: There are only two modes: Automatic Route Approval Route In this matter we understand that necessary permission is required from RBI. Reply By DR.MARIAPPAN GOVINDARAJAN: .....

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..... The Reply: You may have to comply with the provisions of the Companies Act, 2013 also.
Discussion Forum - Knowledge Sharing .....

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