Applicability Schedule -XIII of Companies Act to Pvt Ltd.Co.
This query is : Resolved
14 June 2008
1.Whether the provisiions of Schedule-XIII of the Companies Act applies to a Private Limited Company
2.Whether a NRI Director of a Pvt.Ltd.co. be paid remunertion in Indian currency without obtaining any permission from RBI or Central Government for the services rendered outside.
2.Whether a NRI Director of a Pvt.Ltd.co. be paid remunertion in Indian currency without obtaining any permission from RBI or Central Government for the services rendered outside.
12 February 2011
Schedule XIII is not applicable to the Pvt. Ltd Company, it is applicable only to the public ltd. companies.
I think for making any payment to the person resident outside India, intimation to RBI is required. You dont need to take permission from the RBI, it can be done through automatic route.
I think for making any payment to the person resident outside India, intimation to RBI is required. You dont need to take permission from the RBI, it can be done through automatic route.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
