can I take Foreign Investment from a friend for startup
Is it possible to take an investment from a friend who is a foreigner for a new startup? What are the possible channels? Note: The foreigner is just a friend not VC.
Answers (2)
Yes it is but you have to evaluate FDI laws as well as ensure the share pricing is in accordance with RBI guidelines. There are also a fair bit of reporting requirements once an Indian company receives funding from outside.
Advocate Dhruv Suri
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