Urgent query

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Dheeraj

Learner

1100 Points Joined February 2009

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?

Replies (1)

Hitesh Khanna

Accounting & Finance Taxation Company

839 Points Joined September 2010

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