https://www.taxtmi.com/forum/issue?id=2798 Two principals (a foreign national and an NRI) funded an Indian private company which acquired all shares of a closely held public company owning agricultural land. Key issues are whether share allotment to the holding company is permissible, whether the holding company's corporate status and governance comply with statutory minima, FEMA and FDI procedural compliance for routed foreign funds, and whether consolidated financial reporting and disclosure obligations apply, creating potential statutory or disclosure risks requiring detailed regulatory scrutiny. en-us Thu, 17 Feb 2011 12:01:27 +0530 Thu, 23 Jan 2025 15:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2798 Two principals (a foreign national and an NRI) funded an Indian private company which acquired all shares of a closely held public company owning agricultural land. Key issues are whether share allotment to the holding company is permissible, whether the holding company's corporate status and governance comply with statutory minima, FEMA and FDI procedural compliance for routed foreign funds, and whether consolidated financial reporting and disclosure obligations apply, creating potential statutory or disclosure risks requiring detailed regulatory scrutiny. Discussion-Forum FEMA Thu, 17 Feb 2011 12:01:27 +0530 https://www.taxtmi.com/forum/issue?id=2798