Nri capital in company setup foreign
for now status is not changed as nri in bank. company was opened then i came to this country and taken residency. just now
thanks all help
someone say if i open a company in foreign it is require by rbi to transfer capital for company from india. that is real? i have to or not? the country i opened company do not say to transfer capital no rule. so why india rule for foreign company? help please
For any excess remittance RBI permission is required.
No permission is required for your funds parked outside India.
Our imports are more than exports so there is deficit in foreign currency earning. To use the scarce foreign currency such rules are made.
No need for RBI permission as you are not transferring any money.
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