Law - fema & rbi
This query is : Resolved
12 June 2014
If any receivables in foreign currency are outstanding for more than one year then what is the procedure under FEMA Act? What is the Procedure to report to RBI?
13 June 2014
requires special RBI approval on case-to-case basis. you need to approach RBI through your authorised dealer.
Message likes :
1 times
15 June 2014
Dear Sir,
Thank You for your response. Kindly let me know, is it companies responsibility to approach authorized dealer to inform RBI about long outstanding foreign receivables or authorized dealer by themselves have to inform RBI?
Thank You for your response. Kindly let me know, is it companies responsibility to approach authorized dealer to inform RBI about long outstanding foreign receivables or authorized dealer by themselves have to inform RBI?
15 June 2014
it is very much the company's responsibility only. AD will act as a intermediary but the responsibility shall be of company only..always
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Invoice V/S Goods receipt Note Date
- Regarding appeal to GSTAT
- Clarification on TDS Applicability
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
