NRI Participation in Companies and Firms:-
Under Foreign Exchange Management Act, 1999 [FEMA], a Non-Resident Indian (NRI) / Person of Indian Origin (PIO) can participate in capital of a public or private limited company by way of equity or non-redeemable preference shares or convertible debentures .
NRIs are not allowed to place loans or deposits with private limited companies whereas in case of public limited companies, NRIs can only subscribe to debentures, but cannot place deposits although the same is permissible under the Companies Act, 1956.
As such Corporates can invite NRI participation in capital by way of Equity ; Non Redeemable Preference shares or Convertible Debentures and loans as External Commercial Borrowings (ECB) in foreign currency and / or Debentures.
In case of Partnership Firms and Proprietorships, NRIs can participate by way of capital contribution on non-repatriation basis. NRIs can also place loans with such partnerships or proprietorships on non-repatriation basis.
We, at femaonline.com offer composite advisory services as regards NRI's capital contribution in Companies , Partnerships or Proprietorships.
We also offer unique services of legitimate planning for raising short term loans / deposits from NRIs in case of Private and Publie Limited Companies, Partnerships or Proprietorships . Our services include:-
.01 Collection & analysis of appropriate facts,
.02 Alternate suggestions as regards raising capital and planning savings of capital raising costs.
.03 Planning as regards short term financial needs of Private and Publie Limited Companies, Partnerships or Proprietorships by acceptance of NRI funds and arranging repayment thereof.
.04 NRI participation in partnership firms and / or proprietorships.
.05 The advisory services also include compliance of all procedural aspects prescribed under FEMA1999 and related regulations and the Income Tax Act , 1961.
If you wish to avail our professional advisory services, you may contact us at:
email@example.com or firstname.lastname@example.org or call
Keynote Consultancy Pvt. Ltd.
Tel. No. : 0091 281 245 3367 (four lines)