FEMA ACT, 1999
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2011
What is Dividend Balancing
rvsekar2000
(Expert)
28 June 2011
Hello,
Earlier , Industrial units operating in 22 consumer-products industries were subject to dividend balancing with the matching export earnings for seven years.Dividend balancing had been abolished dividend balancing July 2000.
Under this , the aggregate of outflow of foreign exchange for dividend purpose should not be more than the aggregate of export earnings of these industrial units .
R.V.Seckar
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Earlier , Industrial units operating in 22 consumer-products industries were subject to dividend balancing with the matching export earnings for seven years.Dividend balancing had been abolished dividend balancing July 2000.
Under this , the aggregate of outflow of foreign exchange for dividend purpose should not be more than the aggregate of export earnings of these industrial units .
R.V.Seckar
Pl do visit my blogs :
https://www.rvseckarcompanylaw.blogspot.com/
https://rvseckarfema.blogspot.com/
https://rvseckarindianlaws.blogspot.com
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