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Nri capital send require? in company setup foreign

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(Querist)
27 May 2022 i taken residency of other country and opened company and personal bank account. opening business account also. i will not stay in india to be nri.

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 in do not say to transfer capital. no such rule. so why india rule for foreign company? help please
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
06 June 2022 If you are resident of that country, i.e NRI of India, you need to follow the RBI rules only when you require to transfer capital from India. Unless you have any income accrued in India, no need to file ITR.
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