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Foreign Investments in India – Investment in Proprietorship Concern/Partnership Firm

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Full Text of the Document

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....am/ Sirs, Foreign Investments in India - Investment in Proprietorship Concern/Partnership Firm Attention of Authorised Dealers is invited to the Foreign Exchange Management (Investment in Firm or Proprietary concern in India) Regulations, 2000 notified by the Reserve Bank of India vide Notification No.FEMA.24/2000-RB dated May 3, 2000 as amended from time to time giving effect to the provisions ....

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Full Text of the Document

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....s, i.e. dealing in land and immovable property with a view to earning profit or earning income therefrom. B. Investment in sole proprietorship concern / partnership firm with repatriation benefits NRIs/PIOs may invest in sole proprietorship concerns/ partnership firms with repatriation benefits only with the prior approval of Secretariat for Industrial Assistance (SIA), Government of India/RBI.....

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