Shridhi Jain (Company Secretary) 16 July 2013
There is one company which has entered into a contract with foreign company whereby foreign company will provide corporate services related to the main business activity of the indian company. In return, the foreign company will charge certain % of turnover of indian company as its technical fee.
Pls tell me, is there is any % mentioned in FEMA regarding such technical fee? Do the indian company need to submit the copy of contract to RBI?
Pls let me know the provisions and the links of the circular / notification.
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