Non resident/audit

For the Companies Act part:
MCA regisgtration is must. register on MCA!
Prepare the accounts get them audited & file them on MCA too
Get DSC for the Director of Indian origin

Income tax aprt:
Get TAN & deduct TDS for all the INDIAN REmitances which fall in the purview

As far as the cash expenses go they will be disallowed if they are more than 20k. more over cash exps between 5k & 2ok will also reequire revenue stamp. Amount of cash deposited in the current account will be deemed as income for the company.

For foreighn remittances you will also need FORM 15CB, TDS as per DTTA or (if no DTAA) as per acat or 20% if the NR Company doesnot have NRI pan. (SAme will be applicable to the NRI Director)

 

you are right.

but you may have interpretated my question wrongly or i have not asked in proper way.

1.Company is Already created under Comapanies Act. so there is no question of registration.

2.Company is Collecting Cash Not paying in cash so There is no Issue of Dissallowance.

3.as of now Company has not made any remittance to any Non Resident Hence. Not Applicable.

My Query was This indian Company is Created my Two Person. 1.Indian Person & 2.Non Indian ( Employee or related to Forgein Entity)

Now Services are being Provided by Forgein Entity to Customer & whatever is Reciepts is Collected by this Indian Company & that too in cash,so indirectly there is Diverstion of income to Forgien Entity.

so issue is the present flow is not Correct therefore what is a proper Channel to do it,.

did u get a solution to ur query?? please keep me posted with the update.
u can msg me on caclubindia as u get the solution., i am eager to know!