Investment in Individual name

[Sanjeev Sharma]

An Indian Party wishes to enter into a JV with a local party in Tanzania with 46% equity in a new company there. Indian party would also be one of the directors on the Board of Tanzanian Company. Equity Investment would be direct and shares will be allotted by the Company directly. Should Indian party invest in in individual name under Liberalised Remiitance scheme of US $ 2 million or should it invest through his Company by filing Form ODI ?? Which route is better ?? Are there any factors to be consider for comparison ?? Sir, I need your help and guidance on this.

AI Summary

Indian Firm Weighs Joint Venture in Tanzania: Liberalised Remittance Scheme vs. Form ODI Investment Options An Indian entity is considering a joint venture in Tanzania, holding 46% equity in a new company, with one of its members as a director. The discussion revolves around whether to invest under an individual's name using the Liberalised Remittance Scheme or through the company by filing Form ODI. One participant suggests consulting specific regulations and a circular for guidance, but the original inquirer finds this unhelpful. The responder requests more details to provide a better-informed answer, acknowledging the complexity of the issue and the limited planning scope if only one investment option is available.