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FDI by a USA Citizen, FEMA

Issue Id: - 113597
Dated: 10-4-2018
By:- RAJEEV JAIN

FDI by a USA Citizen


  • Contents

Dear all,

Please throw some light on whether a person (being a USA resident and citizen) can hold shares in his own name if he transfers funds from his company in which he is a shareholder and Director in USA?

For Eg. Mr A wants to be a shareholder in ABC Ltd in India but wants to transfer funds to ABC ltd from XYZ Inc. USA and become shareholder of ABC Ltd himself. Mr. A is not bringing funds from his own bank account.

Thanks in advance.

Posts / Replies

Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 5-5-2018
By:- YAGAY and SUN

There are only two modes:

Automatic Route

Approval Route

In this matter we understand that necessary permission is required from RBI.


2 Dated: 30-8-2018
By:- DR.MARIAPPAN GOVINDARAJAN

You may have to comply with the provisions of the Companies Act, 2013 also.


Page: 1

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