80% shareholding in software pvt ltd co.

[satbir singhwahi]

foreign national wants to invest in new pvt ltd co for software deveopment business upto 80% shares. whether  any  fema /rbi formalities/ permission  required.

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above said issue? if not please inform.

[satbir singhwahi]

SIR

I HV NOT RECEIVED REPLY. PLS DO REPLY AND LET ME KNOW THE FORMALITIES.

[DR.MARIAPPAN GOVINDARAJAN]

Dear Sir,

I shall revert back to you with solution.

AI Summary

Foreign Investor Seeks Guidance on Acquiring 80% Shares in Software Firm Under FEMA and RBI Regulations A foreign national is interested in acquiring up to 80% shares in a private limited company focused on software development. The query seeks clarification on whether any formalities or permissions under the Foreign Exchange Management Act (FEMA) or Reserve Bank of India (RBI) regulations are required for this investment. The discussion includes a request for guidance on the necessary procedures, with one participant promising to provide a solution but no definitive answer provided in the forum exchanges.