FDI - Issue of Shares against import of machinery
This query is : Resolved
30 May 2011
One of my client is a Joint Venture (JV) of Indian company & a German Company. German Joint venture partner has supplied machinery to JV company in October 2010. Instead of making payment to German company, JV company wants to issue shares to German company in lieu of machinery supplied. Consequently, Indian partner company will introduce cash for their share to maintain the ratio of JV.
Can some one list of procedure to be followed for the same & compliance required with various govt. agencies.
Can some one list of procedure to be followed for the same & compliance required with various govt. agencies.
05 June 2011
Shares can be issued against machinery but subject to the approval from the Government. See the latest circular on the FBI policy in the paragraph titled, issue of shares against conversion of ECB/ lump sum payment.
Anuj
0-9810106211
Anuj
0-9810106211
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
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Transporter Declaration form
- Annual return in Gst
- Before GSTAT- APL-02 Vs APL-04
- FORM 26A APPLICABILITY
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
