• NRI investing in Indian PLC business

Im NRI living in london and want to invest in indian plc company... 

In india his business is running from past 10 yrs and is registered PLC. What are the options available for me.. .as I need to repatriate my capital 

I read that NRI cannot repatriate money back
Asked 2 months ago in Corporate Tax from United Kingdom
Firstly, it is important to understand the nature of business of the Indian company and whether foreign direct investment (FDI) is allowed in that business or not. In most of the cases, it is allowed.

Although I am not FEMA expert to comment on repatriation of money but I am pretty sure you can repatriate the money after paying due taxes.

Let some FEMA expert here back my position.
Abhishek Dugar
CA, Mumbai
3296 Answers
149 Consultations

5.0 on 5.0

Hi

For investment purpose, please let us know the nature of business of PLC. Although in most of the bsinesses there are no restrictions, the FDI in few sectors is prohibited.

Also, how will you transfer the amounts for investment? For NRO account, there is a capping of $ 1 million.

Although we may guide you on this, but for best course of action, you should contact a FEMA expert for these issues.
Lakshita Bhandari
CA, Mumbai
1849 Answers
55 Consultations

5.0 on 5.0

You may become a partner in an Indian partnership firm and contribute towards the capital. But, under the automatic route, it is on a non-repatriation basis.

For investments on repatriation basis, you will need prior RBI approvals.

Sorry for the inconvenience. You would be expecting better answers. I doubt if there is any FEMA expert on the portal.
Lakshita Bhandari
CA, Mumbai
1849 Answers
55 Consultations

5.0 on 5.0

Apologies but I guess you should consult a FEMA Expert in this matter.
Nikhil Khanna
CA, Mumbai
1035 Answers
7 Consultations

5.0 on 5.0

Repatriation will be done as per FEMA rules and after the deduction of statutory dues.There is a limit for repatriation per Financial year for NRI.
Vivek Kumar Arora
CA, Delhi
1249 Answers
23 Consultations

5.0 on 5.0

I assume that the query has already been resolved by my fellow colleagues, feel free to get back in case any part of it has been left unattended.
Rohit R Sharma
CA, Mumbai
2104 Answers
91 Consultations

5.0 on 5.0

Ask a Chartered Accountant

Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!
  Ask a CA