FEMA
This query is : Resolved
16 February 2010
I WANT TO RAISE MONEY FROM FOREIGN COUNTRY FOR VARIOUS PURPOSES OF MY COMPANY. IF I GO THROUGH FEMA BY AUTOMATIC OR APPROVAL ROUTE OF RBI, I SUPPOSED TO USE MONEY ONLY FOR SPECIFIC PURPOSE i.e. FOR END USE. IS THERE ANY OTHER WAY THROUGH WHICH I CAN USE MONEY FOR VARIOUS PURPOSES.
THANKS IN ADVANCE
THANKS IN ADVANCE
CA Chitresh Gupta
(Expert)
18 February 2010
No, you need to comply with FEMA and RBI guidlines for the purpose.
Regards
Regards
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