Justify the following statement: A foreigner can invest in shares of an Indian company.
Justify the following statement:
A foreigner can invest in shares of an Indian company.
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- A foreigner can enter into contract.
- Foreigners can buy shares and become a member of an Indian company, subject to provisions of FEMA Act 1999.
- ‘FEMA’ aims at facilitating external trade and promote the foreign exchange market in India.
- Foreigner falls under the category of individual eligibility to be a member of a company.
- Thus, I agree with the above statement.
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