Legal Question in Appeals and Writs in India

Re: Fdi

any foregin company requiring to set up a firm or company in India - it is required that you have to infor the RBI and concerned government department - a sation or permission would be granted - you have to give complete details of the firm inclusive of the financial transaction that are likely to take place - and conversion of money to indian account! definely you need a india citizen to collabrate and co-ordinate otherwise it would not be acceptable!

and in your case a security firm it may not be possible as it relates to security of the national and nation - but a indian citizen is not prohibhited in taking a collabration from fregin national to improve and run a security firm with stipulated condition from the Govt.

Re: Fdi

It is a process and other formalities which are required to be fulfilled.Company has to put its proposal with all details relating to infrastructure and management of funds to be received in future etc. for starting a security firm in India to RBI and there are formalities for taking LICENCE from RBI after depositing requisite deposit with RBI and thereafter company can start its firm/business in India.

Re: Fdi

The quarrey can not be answered here as the same is not a question. It require discussion at personal level. It will be better if u contact some advocate directly and entrust him the task. Anything said here will creat more confusion then removing it.

Re: Fdi

Hi,

If you wish to incorporate a security firm in India then I am afraid without tie up with any Indian firm you cannot do so. Further in India Banking Companies Regulation Act is in force and strict compliance of the provisions of the Act is to be made before incorporation of such a company in India. But be sure without an Indian tie up and shares of Indian company or citizens nobody is permitted to start such a business with cent percent foreign holding. Any further inquiry in this behalf is solicited. We undertake such consultancy as well.

Re: Fdi

Directly you can not set up security firm in India. State securities system are always in hand of Govt. of India. For other purposes permissable by the Govt. of India, you have to enter in collaboration with some India firm under prescribed guidelines