Dear Friends,
Thanks in advance for reading through.
We recently incorporated a company in Delhi, and the purpose was to support and start our indian operations for main company in US that goes by the same name. On paper as such, theres no record that these two companies are related, other then that they have the common name. Private limited in india, and Inc. in US.
For daily operations, we transferred amount from US to India, in INR. Our bank says it has got this money credited into our account without raising it to us, since the transfer was RTGS from another local bank.
For such - do we need to get FIRC from the bank, or inform RBI for the transfer. Since our bank is not ready to give any more information, how should we go about.
Thanks In Advance
Cheers