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Can NRI or PIO form a company in India?

Submitted by Anonymous on Mon, 04/26/2010 - 22:26.
  • company formation in india
  • company incorporation
Details: 
I am a US citizen (naturalized in 2002) and want to setup a company in India to do real-estate development. Can someone tell me if I am legally allowed to open a company in India with myself as a director in it? Thanks, Raju Khullar

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