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Public Sector, Private Sector and Global Enterprises — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMPublic Sector, Private Sector and Global Enterprises2 Marks
Question
Whose permission is required for joint enterprise with foreign partner working in India ?
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Answer

  • In any enterprise if the partner from outside India, the permission of the Reserve Bank of India or Foreign Investment Promotion Board is required.

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