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CA Arun Chhajer (GST Faculty @ Ministry of MSME Govt of India)     22 September 2011

Query relating to fema ?

Dear Member,

 

An indian company say A having 100% subsidiary company say B situated in foreign. Co B has also one subsidiary company say C in  foreign.

Now the Transactio between company B & Company C will attract FEMA provision. If yes please support your answer with relevant provision of FEMA ?

 

Thanks & Regards

Arun Jain



 3 Replies

CS Bijoy

CS Bijoy (Expert)     01 October 2011

According to me FEMA will not attract in the transaction between B and C because both are established as per the rules and regulation of that country but in case of remitence from B to A than FEMA will attract.

1 Like
CA. Anuj Gupta

CA. Anuj Gupta (Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)     13 October 2011

B and C are non residents as per FEMA hence transaction between B and C shall not attract FEMA.

 

Anuj

+91-9810106211

femaquery @ gmail.com

1 Like
CA Arun Chhajer

CA Arun Chhajer (GST Faculty @ Ministry of MSME Govt of India)     04 November 2011

Thanks   Bijay Ji and Anuj Ji 

 

Regards

Arun Chhajer


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