Foreign exchange management act, 1999 (fema): basic understa

Thanks Renu and Veeral.................

@ Veeral Gandhi- May this excerpt be useful to you-

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Indian companies having foreign investment approval through FIPB route do not require any further clearance from RBI for receiving inward remittance.

The companies are required to notify the concerned Regional Office of the RBI of receipt of inward remittances within 30 days of such receipt and within 30 days of issue of shares to the foreign investors or NRIs.

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Thank you Mr. Paras for the information but my query still remains unresolved.

Thank u so much sir..........for  sharing..........

keep sharing.................