FEMA compliance for Indian private limited company

rutika kabra (Article Assistant) (26 Points)

12 November 2021  

Hi All,

 

There is one of our client incoporrated in Dec 2020, their parent company or affiliates have made payment on their behalf to vendors outside India and few vendors in India and charging back to their Indian Entity (our client), by way of reimbursement.

Wanted to know period allowed for settlement of dues by Indian entity and RBI approval if nay required in this regard and any other compliance.

Thanks in advance!