Regarding fatca act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2016
SIR
Please tell me that---how FATCA ACT applicable for a company registered under co. act 1956 ?
co. want open a current a/c in kotak mahindra bank , Bank demand FATCA Act. declaration from the company. So what is this deceleration and in which circumstances this act will applicable to an Indian company registered under co. act 1956
Please its very urgent .
Thank you.
Please tell me that---how FATCA ACT applicable for a company registered under co. act 1956 ?
co. want open a current a/c in kotak mahindra bank , Bank demand FATCA Act. declaration from the company. So what is this deceleration and in which circumstances this act will applicable to an Indian company registered under co. act 1956
Please its very urgent .
Thank you.
10 March 2016
Dear
If a company has a USA resident as owner or as beneficiary owner then the bank is required to report that account under FATCA act. It does not matter where the company is incorporated.
The declaration bank need ask the bank what documents they want.
If a company has a USA resident as owner or as beneficiary owner then the bank is required to report that account under FATCA act. It does not matter where the company is incorporated.
The declaration bank need ask the bank what documents they want.
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