Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Inward remittance to indian pvt. ltd. company

Abhijit (Accounts Professional) (72 Points)

22 July 2014

Hi Friends

Could anybody share information on options for a Indian Pvt. Ltd. Company to receive funds from overseas?

Thanks

Reply
Follow
Share

1 Replies

RN Madaan (Advocate) (40 Points)
Replied 22 July 2014

Hi.

A Pvt Ltd.company may receive overseas funds in the form of capital contributiuonm, Loan, Advance. business credit etc. Depending upon the purpose, prior RBI approval under FEMA may or may not be requirted. A Pvt.Ltd. company The receipt of overseas funds is subject to fulfilling prescribed conditions under FEMA and the Companies Act.