07 June 2011
1)A pvt. ltd. sell developed land/land to non-resident and received amt. in foreign currency.will this attract fema provision.
2)Is it above consider as foreign direct investment.?
3)What is procedure required to be follow under fema.will i inform to Rbi?
4)under FDI is it cover under autometic route or gov. permission required for that.
5)which forms required to be file.give me detail procedure required to be follow.
6)If A pvt. ltd (Real Estate co.) received share application from foreign company(regi.in U.K) what is procedure required to be follow for that.plz give me share application form format to me?
(1)Indian pvt. ltd co. currently having object of trading in commodities. actually company has not done any sale purchase transaction till date.we wiil soon change name and object to real estate in ROC(in process).But before that we received share application money from company(which is regi. in u.k).
Now i am not understanding weather i have to inform rbi for receipt of share application money.and follow other procedure and file required form.
If yes then plz tell me procedure for that.
(2)Is there any different share application form in above case. plz give me share application form format.
09 June 2011
Please read my reply carefully. I have mentioned that "FDI is not allowed in Real Estate Company. Kindly clarify exactly what the Indian Company is doing"
CAclubindia
