INVESTMENT IN FOREIGN COs
This query is : Resolved
22 February 2010
DEAR FRIENDS
CAN YOU TELL ME
1. WHAT ARE THE GUIDELINE REGARDING FORMING A FOREIGN COMPANY BY SENDING REMITTANCE FROM AN INDIAN COMPANY FOR MEETING PRELIMINARY EXPENSES ?
2. WHAT SHOULD BE THE MOST APPROPRIATE FORM FOR THE REMITTANCE - SHARE CAPITAL OR LOAN & ADVANCES.
3. IS THERE ANY RESTRICTION REGARDING ADVANCING LOAN TO A FOREIGN COMPANY.
THANKS AND REGARDS
CAN YOU TELL ME
1. WHAT ARE THE GUIDELINE REGARDING FORMING A FOREIGN COMPANY BY SENDING REMITTANCE FROM AN INDIAN COMPANY FOR MEETING PRELIMINARY EXPENSES ?
2. WHAT SHOULD BE THE MOST APPROPRIATE FORM FOR THE REMITTANCE - SHARE CAPITAL OR LOAN & ADVANCES.
3. IS THERE ANY RESTRICTION REGARDING ADVANCING LOAN TO A FOREIGN COMPANY.
THANKS AND REGARDS
23 February 2010
The procedure for forming a foreign company would depend onthe law applicable in that particular country.
As regards remittance of money, there is no restriction in making remittance to a wholly owned subsidiary and the same can be in the form of capital or loans and advances. Loans and advances would be preferred.
There are no restrictions provided it is under the investments limit of the company and routed through proper banking channels.
As regards remittance of money, there is no restriction in making remittance to a wholly owned subsidiary and the same can be in the form of capital or loans and advances. Loans and advances would be preferred.
There are no restrictions provided it is under the investments limit of the company and routed through proper banking channels.
Message likes :
1 times
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
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Management System (IMS)
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
