Foreign money
This query is : Open
Guest
Guest
(Querist)
05 April 2012
We are a pvt ltd co. One of our director is a foreigner who sends us money from abroad in Indian Rupees. What are the compliances we are required to do with RBI or our Bank or Government of India?
Ajay Mishra
(Expert)
05 April 2012
Hi
What is the nature of money ?
What is the nature of money ?
Message likes :
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Guest
Guest
(Querist)
10 April 2012
The director is sending for administration exps & running business.
Ajay Mishra
(Expert)
10 April 2012
Hi
He will not be authorised to send money in this nature, because he is not a company. He can give a loan or send money as investment.
He will not be authorised to send money in this nature, because he is not a company. He can give a loan or send money as investment.
Guest
Guest
(Querist)
10 April 2012
We are treating ut as loan but my qstn is any compliances??
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