Overseas investment by indian company

Pvt ltd 465 views 2 replies
User Avatar

Company Secretary
132 Points Joined May 2014

One of our newly incorporated Company, which has yet not taken certificate of commencement wants to make overseas investment of 60,000 US $.

 So, my ques is whether -

1) it can make investment overseas without obtaining certificate of commencement

2) If yes, than what fema compliances it has to follow

0 Reply Share Follow
On 12 August 2014 at 22:35 Report
Replies (2)
User Avatar

CHARTERED ACCOUNTANT
1190 Points Joined October 2012

Under Comp. Act 2013, ALL companies cannot start business or excercise any borrowing powers   until they get certificate of commencement. Therefore u cannot make overseas investment.

Reply
On 13 August 2014 at 12:13
User Avatar

Company Secretary
132 Points Joined May 2014
Thanks for the revert, but after obtaining certificate of commencement what fema compliances are required for making overseas investment.
Reply
On 18 August 2014 at 16:10


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading