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Urgent query


Dheeraj (Learner)     08 April 2015

Dheeraj
Learner 
 106 likes  1095 points

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There is an MNC having holding in singapore. The mnc had some imports from different countries but had no money for payments so holding company made payments on behalf of its subsidiary. Now subsidiary wants to repay the money to its holding company but its bank said you cant make payment like that as per fema and rbi regulations. So wt can be done to make such payment to holding company?

avater

Hitesh Khanna (Accounting & Finance Taxation Company Law Audit )     09 April 2015

Hitesh Khanna
Accounting & Finance Taxation Company Law Audit  
 48 likes  834 points

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Payment can.definitely me.made.subject to.certain Monetary limits. Kindly refer to te FEMA and RBI regulations.to.get hold.of the limits. Also.you can.ask.the Bank.itself.ki.how.much.payment.is.permissible


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