An NRI and his father (Indian Resident) have incorporated a company in India with both of them as director and shareholder. For the subscripttion money, NRI has remmitted amount to his father's account (normal bank ac) as there is no company account as yet. Can the father transfer this amount to company's account. If yes, what will be the FEMA compliance like filing of Form FCGPR in this regard?
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Fema query
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Hi, post this query into "Experts" section...with proper categorization...
or market it well on caclubindia so that the other esteemed member can come to know of your queries and help you with that.
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