Can a USA Citizen purchase equity shares in an Indian Private Limited Company?

I am planning to float a Private Ltd Company in India.A close friend being a citizen of USA wish to purchase equity shares of the said Private Ltd Company. Will he be allowed under Indian law..

2006-10-14 07:15:03 · 1 answers · asked by jesusjp 1 in Politics & Government ➔ Law & Ethics

1 answers

No he will not be allowed.

2006-10-14 07:27:18 · answer #1 · answered by russel c 1 · 0⤊ 0⤋

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