FEMA Compliance

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Nanda Kishore Bajaj (Querist)
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09 September 2008 Hi,
A friend of mine has recently come from abroad and is starting a company here. His revenue source will be in form of Foreign Exchange.
I wanna know what are the steps to comply with the FEMA Act and Regulations from Step 1 i.e; the registration precodeure etc. I am new in to field and hence would like the experts to help me.

Regards,
Bajaj

CMA Jitendra Singh

CMA Jitendra Singh (Expert)
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09 September 2008 His revenue source will be forex than it may be setup of export unit.

If it is export unit 1st it has to take IE code .Please clear more about type of business and sources of capital etc to explain further

Taxguy

Taxguy (Expert)
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09 September 2008 We will need more clarity as you are saying company whether it is a incorporated or firm or some other form. Because compliance will differ under each different category.

Nanda Kishore Bajaj

Nanda Kishore Bajaj (Querist)
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09 September 2008 The company is in the process of Incorporation. This will be a Pvt Ltd Company.

He will be involved in Technical Professional services (Technical support on various softwares).

Kindly let me know if you require any further details. Look forward to your replies.

Thanks.

Nanda Kishore Bajaj

Nanda Kishore Bajaj (Querist)
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11 September 2008 The company is in the process of Incorporation. This will be a Pvt Ltd Company.

He will be involved in Technical Professional services (Technical support on various softwares).

Kindly let me know if you require any further details. Look forward to your replies.

Thanks.

Taranjit Singh

Taranjit Singh (Expert)
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06 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.

Taranjit Singh

Taranjit Singh (Expert)
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06 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.

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