https://www.taxtmi.com/circulars?id=2034 NRIs and PIOs may invest in firms or proprietary concerns on a non-repatriation basis if funds are remitted inward or come from NRE/FCNR/NRO accounts with an Authorised Dealer and the enterprise is not engaged in agriculture, plantation or real estate. Repatriation benefits for investments in sole proprietorships or partnership firms require prior approval from the Secretariat for Industrial Assistance or the Reserve Bank. Persons resident outside India other than NRIs/PIOs are generally prohibited from such capital contributions unless the Reserve Bank grants permission on application and subject to conditions. en-us Wed, 03 Dec 2003 00:00:00 +0530 Sat, 04 Oct 2008 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2034 NRIs and PIOs may invest in firms or proprietary concerns on a non-repatriation basis if funds are remitted inward or come from NRE/FCNR/NRO accounts with an Authorised Dealer and the enterprise is not engaged in agriculture, plantation or real estate. Repatriation benefits for investments in sole proprietorships or partnership firms require prior approval from the Secretariat for Industrial Assistance or the Reserve Bank. Persons resident outside India other than NRIs/PIOs are generally prohibited from such capital contributions unless the Reserve Bank grants permission on application and subject to conditions. Circulars FEMA Wed, 03 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2034