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 investment query: requirements for majority foreign ownership in a private software company remain unresolved pending guidance. A foreign national asked whether acquiring up to eighty percent shareholding in a new private limited company for software development requires FEMA or RBI formalities or permission; the forum exchange records follow-up requests for clarification but no substantive regulatory guidance was provided.