Applicability Schedule -XIII of Companies Act to Pvt Ltd.Co.
This query is : Resolved
14 June 2008
1.Whether the provisiions of Schedule-XIII of the Companies Act applies to a Private Limited Company
2.Whether a NRI Director of a Pvt.Ltd.co. be paid remunertion in Indian currency without obtaining any permission from RBI or Central Government for the services rendered outside.
2.Whether a NRI Director of a Pvt.Ltd.co. be paid remunertion in Indian currency without obtaining any permission from RBI or Central Government for the services rendered outside.
12 February 2011
Schedule XIII is not applicable to the Pvt. Ltd Company, it is applicable only to the public ltd. companies.
I think for making any payment to the person resident outside India, intimation to RBI is required. You dont need to take permission from the RBI, it can be done through automatic route.
I think for making any payment to the person resident outside India, intimation to RBI is required. You dont need to take permission from the RBI, it can be done through automatic route.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Confusion around Form 26QB fields
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
