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Fema - outward remittance abroad

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(Querist)
20 February 2012 what is the procedure for outward financial remittance i.e. from Indian Cos to Abroad Cos?

What are the compliance's to be followed under RBI -FEMA?

Thanks in Advance
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NILESH MANDOLE, MBA (Fin),CS

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NILESH MANDOLE, MBA (Fin),CS (Expert)
20 February 2012 If you are transferring the fund through TT mode (Telegraphic Transfer), you have to give the application to Bank in Form A-1, in case of import of goods and Form-A2 in case of import of services.

This application should be enclosed with FEMA declaration, Proforma invoice, Purchase Order,Contract.

If you are transferring the money in Advance, you have to give the advance declaration on your company letter head.
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NILESH MANDOLE, MBA (Fin),CS

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NILESH MANDOLE, MBA (Fin),CS (Expert)
20 February 2012 If you are transferring the fund through TT mode (Telegraphic Transfer), you have to give the application to Bank in Form A-1, in case of import of goods and Form-A2 in case of import of services.

This application should be enclosed with FEMA declaration, Proforma invoice, Purchase Order,Contract.

If you are transferring the money in Advance, you have to give the advance declaration on your company letter head.
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NILESH MANDOLE, MBA (Fin),CS

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NILESH MANDOLE, MBA (Fin),CS (Expert)
20 February 2012 If you are transferring the fund through TT mode (Telegraphic Transfer), you have to give the application to Bank in Form A-1, in case of import of goods and Form-A2 in case of import of services.

This application should be enclosed with FEMA declaration, Proforma invoice, Purchase Order,Contract.

If you are transferring the money in Advance, you have to give the advance declaration on your company letter head.
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mandar

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mandar (Querist)
21 February 2012 thanx a ton!!
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rvsekar2000

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rvsekar2000 (Expert)
08 March 2012 Hello,

Further formalities:

If you want to invest in WOS abroad ,

Please visit the following link for more details:

https://rvseckarfema.blogspot.in/2010/09/all-about-investment-by-indian-company.html

If you want to invest in shares of foreign company under liberalised remittance scheme:

Pl visit the following link:

https://rvseckarfema.blogspot.in/2011/02/liberalised-remittance-scheme-of-usd.html

Regards

R.V.Seckar
Mobile- 09848915177

Pl do visit my blogs :

https://www.rvseckarcompanylaw.blogspot.com/

https://rvseckarfema.blogspot.com/

https://rvseckarindianlaws.blogspot.com
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Pooja Shah

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Pooja Shah (Expert)
31 August 2017 Hi Mr RVSekar, With regards to investment in JV by India National, what is time to remit the money to outside India for acquiring shares of foreign company
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