Justify the following statement:A foreigner can invest in shares of an – InterviewSolution

1.	Justify the following statement:A foreigner can invest in shares of an Indian company.
Answer» 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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