Remittance to foreign country

CA Devender Chauhan (Group Financial Accountant)   (1526 Points)

21 December 2010  

Our client is an MNC & its holding company is in UK. At the time of incorporation of company the UK comp. has incurred some expenses of about Rs. 40 lakhs. The exp. were incurred directly by the foreign co. Now the Indian co. want to repay the amount to its holding. So what should be done in this case. Please tell about all compliances & procedures to be fulfilled (FEMA & Other compliances).