Is permission of Reserve Bank required for NRIs to invest in proprietary/partnership concerns on non- repatriation basis?
Ans: No. Reserve Bank has granted general permission to non- resident individuals of Indian nationality/origin to invest by way of capital contribution in any proprietary or partnership concern in India on non- repatriation basis provided the investee concern is not engaged in any agricultural/plantation activity or real estate business. This facility is, however, not available to OCBs.
No. Reserve Bank has granted general permission to non- resident individuals of Indian nationality/origin to invest by way of capital contribution in any proprietary or partnership concern in India on non- repatriation basis provided the investee concern is not engaged in any agricultural/plantation activity or real estate business. This facility is, however, not available to OCBs.
Ans. No. Reserve Bank has granted general permission to non- resident individuals of Indian nationality/origin to invest by way of capital contribution in any proprietary or partnership concern in India on non- repatriation basis provided the investee concern is not engaged in any agricultural/plantation activity or real estate business. This facility is, however, not available to OCBs.
Ans. No. Reserve Bank has granted general permission to non- resident individuals of Indian nationality/origin to invest by way of capital contribution in any proprietary or partnership concern in India on non- repatriation basis provided the investee concern is not engaged in any agricultural/plantation activity or real estate business. This facility is, however, not available to OCBs. Q.
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 proprietary/partnership concerns on non-repatriation basis?
