Statutary implications
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2010
Hi experts,
I would like to know the statutary implications, if advance for share capital(received in foreign currencies)is not utilised within the specified time frame for the intended purpose and if the delay is over 2years.
Regards
I would like to know the statutary implications, if advance for share capital(received in foreign currencies)is not utilised within the specified time frame for the intended purpose and if the delay is over 2years.
Regards
24 March 2010
This kind of violation would be considered as violation of FEMA rules and would be viewed quite seriously.
Be careful about foreign money in India.
Be careful about foreign money in India.
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
- Supply through E-commerce Operators
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- REGARDING GST LIABILITY/....
- LTCG for Assmt year 26-27
- STCG FOR GOLD ETFs
- SALE BILL AGAINST GOODS RETURN
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
