Foreign contribution

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 November 2014 Dear Experts,

Whether debentures purchased by a foreign company from private Indian company will fall under foreign contribution?

Thanks in advance.
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Amol S Joglekar

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Amol S Joglekar (Expert)
17 November 2014 Yes, it falls under foreign contribution.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 November 2014 In such a case what formalities are required to be compiled under FCRA Act?
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Amol S Joglekar

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Amol S Joglekar (Expert)
17 November 2014 Private company has its OWN restrictions in acceptance of outside deposits.
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