NRI investment conditions: permitted contributions to Indian firms/proprietary concerns subject to remittance, activity and repatriation restrictions. A non-resident Indian or Person of Indian Origin may invest in the capital of a firm or proprietary concern in India only if the funds arrive by inward remittance or from an authorised dealer/bank account, the investee is not engaged in agriculture/plantation or real estate dealing, the investment is non-repatriable, income/proceeds from NRSR-funded investments are credited to the investor's NRSR account, and the investee is not engaged in print media.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
NRI investment conditions: permitted contributions to Indian firms/proprietary concerns subject to remittance, activity and repatriation restrictions.
A non-resident Indian or Person of Indian Origin may invest in the capital of a firm or proprietary concern in India only if the funds arrive by inward remittance or from an authorised dealer/bank account, the investee is not engaged in agriculture/plantation or real estate dealing, the investment is non-repatriable, income/proceeds from NRSR-funded investments are credited to the investor's NRSR account, and the investee is not engaged in print media.
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