I have some queries on Foreign Direct Investment?

What legal questions, will I have to face, (also what problems I may encounter) if someone from any foreign country wishes to send me a big amount of fund for investment in India (in my bank account)? What legal proceedings and formalities I will have carry out related to that fund? What are the various aspects that I should take care of? Kindly provide me answers in light of Reserve Bank of India rulings/guidelines, FEMA (Foreign Exchange Management Act), Income Tax Act, and Indian Contract Act and in any other law related to this affair. If a contract is signed among us which is prepared in his own country, what would be validity of that contract in India?
Note: The fund sending party will part the profit earned by the invested here.

The validity of the contract will not be affected by the place of signing or preparartion.

For other details u should explain the nature of arrangement.

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