Clarification on Investment by foreign co

[JOHN SHANNEL]

eg: X Pvt. Ltd. is a indian company. Majority paid up capital held by a foreign company. the foreign company wants to transfer a machinery to its subsidiary X Ltd. Is there any restriction by RBI/Customs?? Regards John Shannel

AI Summary

Inquiry on RBI or Customs Restrictions for Foreign Company Transferring Machinery to Indian Subsidiary Majority-Owned by Foreign Entity An individual inquired about potential restrictions from the Reserve Bank of India (RBI) or Customs on a foreign company transferring machinery to its Indian subsidiary, which is majority-owned by the foreign entity. The query was posted in December 2011, and the last response was in January 2015. A respondent asked if the individual received clarification on the issue and requested an update on the current status.