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
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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