BRANCH OFFICE OUTSIDE INDIA (FEMA)
This query is : Resolved
29 December 2010
We have a branch office(Company incorporated in india) in singapore. We make trading from singapore. We receive payment and make payment from sinpore itself. Whether these transaction are permissible as per FEMA. or should route payment and receivable thru India only
Regards
Yogesh gupta
We have a branch office(Company incorporated in india) in singapore. We make trading from singapore. We receive payment and make payment from sinpore itself. Whether these transaction are permissible as per FEMA. or should route payment and receivable thru India only
Regards
Yogesh gupta
09 March 2011
Yes the transactions are permissible provided they are conducting normal business activities of the Indian entity;
Also the Overseas Branch/Officer/representative shall not—
(a) Enter into any contract or agreement in contravention of the Act, Rules or Regulations made there under;
(b) Create any financial or contingent liabilities for Head Office in India.
(c) Invest surplus fund abroad without, prior approval of Reserve Bank of India but such surplus fund should be repatriated to Head Office in India.
Anuj
9810106211
Also the Overseas Branch/Officer/representative shall not—
(a) Enter into any contract or agreement in contravention of the Act, Rules or Regulations made there under;
(b) Create any financial or contingent liabilities for Head Office in India.
(c) Invest surplus fund abroad without, prior approval of Reserve Bank of India but such surplus fund should be repatriated to Head Office in India.
Anuj
9810106211
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- TDS on TRUST
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- Putting a heading on received mail
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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
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
