ECB Proceeds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 May 2011
ECB proceeds are received in india, but before the end-use. Can i deposit those proceeds in banks as an FD till the time of end-use?
Please reply immediately.
Thanks and regards in advance.
Please reply immediately.
Thanks and regards in advance.
23 September 2011
What is the end use and till what time you intend to keep the funds in FD?????????????
If the period of FD is say short i.e less than 3 months then I think there should be no issue.
Anuj
+91-9810106211
femaquery@gmail.com
If the period of FD is say short i.e less than 3 months then I think there should be no issue.
Anuj
+91-9810106211
femaquery@gmail.com
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
06 December 2011
Dear Sir,
End use is for operating activities of the Company and for the period of FD I feel the Company may not utilise the same in the short run.
End use is for operating activities of the Company and for the period of FD I feel the Company may not utilise the same in the short run.
06 December 2011
Indian companies are not allowed to have ECB's for operating activities .
Also i sincerely hope that UIN has been obtained from RBI.
Anuj
+91-9810106211
femaquery@gmail.com
Also i sincerely hope that UIN has been obtained from RBI.
Anuj
+91-9810106211
femaquery@gmail.com
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