Receiving money from singapore as investment
This query is : Resolved
Rakesh Bandal
(Querist)
10 July 2017
Dear Sir,
One of my client going to receive money for business purpose from Singapore to our country
such amount will be received for subscription of Equity share in a Private limited company or as a share of capital contribution in a registered Partnership firm
Please guide what are the rules and regulation to be complied to receive money
Thanks
One of my client going to receive money for business purpose from Singapore to our country
such amount will be received for subscription of Equity share in a Private limited company or as a share of capital contribution in a registered Partnership firm
Please guide what are the rules and regulation to be complied to receive money
Thanks
CA R SEETHARAMAN
(Expert)
10 July 2017
See the link such receipts to be reported to RBI within 30 days through designated bank.
https://rbi.org.in/scripts/BS_FemaNotifications.aspx?Id=174
https://rbi.org.in/scripts/BS_FemaNotifications.aspx?Id=174
Rakesh Bandal
(Querist)
10 July 2017
Thanks sir for sharing link,
got answers to many questions
got answers to many questions
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