Foreign Investments in unlisted companies..
Is it true that Enforcement Directorate has been sending notices to all foreign investments in unlisted Indian companies where there is high share valuation not justifying balance sheet reality?
Any insights from entrepreneurs and startups who have taken such capital?
Yes crony capital must be scrutinized and punished but sending a notice to all is discouraging foreign capital for startup and make in india. more
Any insights from entrepreneurs and startups who have taken such capital?
Yes crony capital must be scrutinized and punished but sending a notice to all is discouraging foreign capital for startup and make in india. more
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There is a very comprehensive and clear documentation framework for ALL FDI - I've handled it personally on numerous occasions. If the documentation is complete, there are no issues with the Notice - its just a matter of providing the documentation. If it did not exist at the time of the transaction, so the Company is obviously in default and Non Compliant, it certainly has an issue. The fault lies with the Non Compliance, not with the receipt of the Notice. Follow the Law and the Rules and Rest-in-Peace !!! more
Nov 06
Believe that if proper process has been followed then a notice will not deter any one from investing I think the least corrupt in indian society are the private service class and to many extent they are not corrupt because of their nature but more because of lack of scope . In private companies also the service class in majority where there is scope people are corrupt . That has become our basic nature . None of us are happy with what we earn . and want to earn more and normally do that by corrupt means . The notices are good to the extent that they fish out the dirty lot but the problem is that they will not be thrown out but will remain there after paying hefty sums as facilitation fee to the govt official investigating the case more
Nov 03
FDI has to be notified,and permission has to be taken.It may in long term,become a foreign holding.[The same developers are syphoning money and reinvesting-to show that they got foreign money-intention could be to sell when good in market for foreign currency and invest in other countries] more
Nov 02
If a notice to all is discouraging foreign capital for startups & Make in India, then "Daal mein kuch kala hai" !! No good Investor would like to invest in any Startup who has problems about Rules/Laws in their own Country and doesn't declare such Investments in their routine Books of accounts etc. !! more
Nov 02
issue is genuine provided majority of the business community is genuine in a country . In India a total corrupt politicians run business this is not an issue as this is the only way out left for the govt to help the few genuine entrepreneurs. first sent notice to all and filter the few who give genuine explanations. rest all must be taken to task more
Nov 02
