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Share Capital related

This query is : Resolved 
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(Querist)
04 October 2008 Hi Experts,

For share capital subscription purpose If i want to make a remittance to a foreign company through a private mnc Bank. Please tell me that

1} Is it mandatory to take Prior permission from RBI for this transaction?

2} What is the exact procedure & which documents will be require?

If possible please send the answer on below Email Address:
viju_shelke@yahoo.co.in
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
18 October 2008 Is the bank an authorised dealer is what you have to look for.
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