Dear All,
I have to know whether there is any restriction on transfering funds from India to UAE for construction projects.
rvsekar2000
(212 Points)
Replied 31 January 2011
Hello,
Please visit my blog
https://rvseckarfema.blogspot.com/2010/09/all-about-investment-by-indian-company.html and read the article titled How much an Indian company can invest in its JV or WOS in abroad.
As an Individual , you can invest $ 200000 per financial year . Plese read the following article in my blog
https://rvseckarfema.blogspot.com/2010/09/how-much-indian-resident-can-transfer.html
Regards
R.V.Secka
Pl do visit my blogs :
https://rvseckarcompanylaw.
https://rvseckarfema.blogspot.
https://rvseckarindianlaws.
Apurv Hirde
(accountant)
(30 Points)
Replied 05 February 2011
No their no restriction on tranfer of fund for project as u will be tranferring money on behalf and under name of company through it bank account . just check with bank that is their any other fema compliance
CAclubindia
