Is permission of Reserve Bank required for NRIs to invest in propriet- ary/partnership concerns on non-repatriation basis ?
No. Reserve Bank has granted general permission to non-resident indivi- duals of Indian nationality/origin to invest by way of capital contribu- tion in any proprietary or partnership concern in India on non-repatri- ation basis provided the investee concern is not engaged in any agricu- ltural/plantation activity or real estate business. This facility is, however, not available to OCBs.
Related Questions
- Is permission of the Reserve Bank of India required for NRIs to invest in proprietary/partnership concerns on non- repatriation basis?
- Is permission of Reserve Bank required for NRIs to invest in proprietary/partnership concerns on non- repatriation basis?
- Is permission of Reserve Bank required for NRIs to invest in propriet- ary/partnership concerns on non-repatriation basis ?
