FOREIGN EXCHANGE MANAGEMENT ACT, 1999
This query is : Resolved
04 January 2008
There is one private comapny wants to carry on the business of developers & builders in the areas of Big Malls, Showroom, IT edifice in India by taking funds from foreign individual investors and foreign private equity.
In return of that funds company will allot Reedeemable Cumulative Preference shares at agreed price. These shares shall redeemed after specified period say 3 years.
Is it allowed under FEMA and If yes what procedure will have to follow? If No please expalin reasons?
In return of that funds company will allot Reedeemable Cumulative Preference shares at agreed price. These shares shall redeemed after specified period say 3 years.
Is it allowed under FEMA and If yes what procedure will have to follow? If No please expalin reasons?
27 February 2008
This will fall under the category of a debt and therefore FEMA guidelines in this regard has to be observed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TWO FIRM NAME IN ONE GST NUMBER
- ITR -1 Filing
- Procedure and Documents Required for Release of FD from DVAT
- Which ITR application
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- Treatment of Profit on sale of fixed assets
- TDS whether applicable or not in case of Flat purchase
- Transfer of rectification rights to ao
- IGST Refund pending since June 2022.
- Form 16 Issues
- Error whilst validation
- REQUEST FOR HELP IN TALLY THE BALANCE SHEET
- CHANGE IN PARTICULARS OF DIRECTOR
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
- REGARDING PERALLEL PROCEEDINGS CAN MOVE TOGETHER FOR SAME MATTER
- SUPPLY TO SEZ UNIT UNDER EPCG LICENCE
Trending Online Classes
CAclubindia
