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Is permission of the Reserve Bank of India required for NRIs to invest in proprietary/partnership concerns on non- repatriation basis?

April 26, 2017Bank concerns India invest NRIs partnership permission proprietary Reserve

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Is permission of the Reserve Bank of India required for NRIs to invest in proprietary/partnership concerns on non- repatriation basis?

1 Answer

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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/partnership concern in India on non- repatriation basis provided the company is not engaged in agricultural/plantation activity or real estate business.