fema

rajat sehgal (Querist) 05 October 2009 This query is : Resolved
A FOREIGN PARTY CANNOT BRING IN THE MONEY/PAYMENT AS A SECURITY DEPOSIT IN A JOINT VENTURE AGREEMENT WITH AN INDIAN COMPANY?
UNDER WHICH CIRCULAR/NOTICE/SECTION OF FEMA OR RBI CAN I FIND IT?

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Raj Kumar Makkad (Expert) 06 October 2009
you may visit the official site of RBI and find therefrom

Manish Singh (Expert) 06 October 2009
what do u mean by secury deposit? it should take a form of a loan. otherwise you are free to invest in securities ogf the joint venture. for investment in terms of securities, you must refer master circular on foreign investment 2009.

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