Fema compliance

Others 754 views 1 replies

Dear All,

 

I have doubt reagrding compliance in FEMA, 1999.

There are two persons A and B (both are residents in India) . A has 1 million USD. He lended it to B. Now B has invested the same in USA.

In this regard, I need your valuable inputs in the compliance of the two aspects in my Query.

1. Lending by A to B

2. Investment in USA by B.

Thanks in Advance

 

Regards

Aditya V

Replies (1)

FEMA shall not come into picture for the first transaction.

Also i doubt how can B invest 1 million USD outside India as limit is 2 lakh dollars only.

 

Anuj

femaquery @ gmail.com


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