Monday, December 29, 2008

Procedures for foreign investments in India on certain sectors

Here's my write up about this subject published in www.cogzidel.in

Investments in Small Scale Industrial (SSI) units

SSI is an undertaking in which the investment in fixed assets in plant and machinery whether held on ownership terms on lease or on hire purchase does not exceed Rs 10 million.

A company which is a SSI unit and which is not engaged in any activity under the prohibited category may issue equity / preference shares or fully convertible debentures to a foreign investor, to the extent of .....click here to read through.....

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