Company law-custom law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2013
Dear Sir,
My Companny is a joint venture company between an indian partner holding 26% and Anerican Company holding 74%
Now my company wants to import a simulator worth 1 crore which the company want to gift to a hospital. The cost of simulator will be born by american company and the cost of custom will be born by indian company.
My concern is that if we import this simulator it will first become the property of indian company and do we need to increase capital???? and this will have negative impact to indian partner holding 26???
Plz Advise
My Companny is a joint venture company between an indian partner holding 26% and Anerican Company holding 74%
Now my company wants to import a simulator worth 1 crore which the company want to gift to a hospital. The cost of simulator will be born by american company and the cost of custom will be born by indian company.
My concern is that if we import this simulator it will first become the property of indian company and do we need to increase capital???? and this will have negative impact to indian partner holding 26???
Plz Advise
RAMESH KUMAR VERMA
(Expert)
08 October 2013
please provide IEC code AS WELL AS NAME OF COMPANY SO THAT AFTER EXAMINE LIABLE FOR REPLY.
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