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Queries Participated

Dhruv   06 February 2012 at 15:45

Fema

Dear Sir / Madam,

What are the restrictions regarding an NRI opening a pvt ltd company in India?
An NRI has opened a pvt ltd co., with an Indian resident, the share of NRI being 99%?
What are the additional compliances need to be followed regarding an NRI being a majority shareholder and a director in an Indian company by the company or the NRI?
And suppose if NRI intends to sell his shares to an Indian resident, then what are the compliances need to be followed?