Remittance from india
This query is : Resolved
09 February 2012
A resident individual wishes to remit USD 25,000 to a company in Russia for acquiring 33 percent stake in that foreign company. Foreign company is in the business of consulting. 1. Can individual use liberalised scheme of RBI upto USD 200,000 to invest in the foreign company 2. In case liberalised scheme can not be used, under what provisions of FEMA can the resident individual buy this stake in foreign company. 3. Would the position be different incase individual is also appointed as director in the foreign company. Please clarify
11 February 2012
You may use lrs. Provide russian company is already in existence. He can be director.
Cavishalshah@gmail.com
Cavishalshah@gmail.com
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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- GST rate and HSN code for sale of racing horses
- DIN reactivation
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Eway bill generation from place other than registeted
- Condonation . E-Verification of last year return .
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- CREDIT NOTES WITHOUT GST
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Depreciation of fixed assets- coop housing society in mumbai
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
