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FEMA - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

FDI - foreign investment - the purpose for which the company had ...


Company Violates FERA by Seeking Foreign Partnership for Activities Beyond NIC Code 893 Scope.

July 20, 2013

Case Laws     FEMA     SC

FDI - foreign investment - the purpose for which the company had sought for foreign collaboration was not for trading in gold coins either for export or domestic purpose, but for the activities mentioned in the NIC Code 893 - Company has violated the provisions of FERA - SC

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