Fema compliance

Aditya Gopinath V (Chartered Accountant) (79 Points)

28 September 2012  

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