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Q16. Consider the following statements: 1. Permanent residency refers to a person’s visa status, i.e. the person is allowed to reside indefinitely within a country of which he or she is not a citizen. 2. To avail PRS in India, the foreign investor will have to invest a minimum of Rs.10 crore to be brought within 18 months or Rs.25 crore to be brought within 36 months. Which of the following statements are correct?

Answer»

Q16. Consider the following statements:

1. Permanent residency refers to a person’s visa status, i.e. the person is allowed to reside indefinitely within a country of which he or she is not a citizen.

2. To avail PRS in India, the foreign investor will have to invest a minimum of Rs.10 crore to be brought within 18 months or Rs.25 crore to be brought within 36 months.

Which of the following statements are correct?




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