Members,
There is one whollyy owned subsidiary (wos) of an Egyptian company in India.
Parent company is in Egypt and WOS in india. Parent company is sending foreign exchange (80000 USD) to its WOS for carrying on the routine expenses of WOS as the WOS is not earning any profit as on date.
Wat is the complainces/ reporting to be done in FEMA ?
Pls reply.
Thanks.
CAclubindia
