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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

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. (AI Summary)
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DR.MARIAPPAN GOVINDARAJAN on Jan 14, 2015

Whether you got clarification in this case? If not inform me with the latest position.

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