banner_ad

Remittance to uae

others 393 views 1 replies

Dear all,

One Indian Company needs to remitt funds to UAE as they have just opened a Pvt. Ltd. Company there at UAE at free trade zone. Both the companies have same management. what are the compliances required for FEMA Act? Should the Indian Company need RBI approval for the same?

Replies (1)

You need to comply with FEMA ODI guidelines. Firstly you need to check eligibility of company to set up a Subsidiary outside India. If it falls under automatic route, you need to fill FEMA relevant forms and submit the same to Banks to process the transfer of funds. Once the funds transfered you need to submit share certificate issued by the UAE company to the authorised dealier within 6 months.

If the conditions for investment through automatic route are not complied with, then prior RBI approval would be needed..

The entire trasnaction needs to be very meticously studied from FEMA perspective, failling to comply with even minor provisions would be construed as contravention..


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details