My company (Indian Ltd) has recently acquired a French company (more than 51% shareholding) with a manufacturing facility in China.
Now, if our Indian company has purchased a MOULD (an asset) and send it to China Works for the use of it's subsidiary, will it attract any provision of FEMA? If yes then what is the problem and what is the possible solution.?Asset will be in the books of Indian Company.
Grateful for an early reply.
Regards,
Somnath Sengupta
CAclubindia
