Intimation to rbi
This query is : Resolved
Vishanth Rai
(Querist)
24 November 2011
sir if money is comming form NRO account to an indian company account its compulsary to intimate to RBI
CA. Anuj Gupta
(Expert)
25 November 2011
For what the money is coming to Indian company ??????
Anuj
Anuj
Vishanth Rai
(Querist)
25 November 2011
it just comming for company purpose. not for share application
like we can say boss who is NRI he send money from his NRO account for company use
getting me na sir....
like we can say boss who is NRI he send money from his NRO account for company use
getting me na sir....
CA. Anuj Gupta
(Expert)
26 November 2011
Please be clear as you are saying indian company is going to receive loan from NRI Director ,who is bringing money in NRO account from outside India.
If thats the case,then the same is not permitted under FEMA.
Anuj
+91-9810106211
femaquery@gmail.com
If thats the case,then the same is not permitted under FEMA.
Anuj
+91-9810106211
femaquery@gmail.com
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