07 January 2011
A holding company is situated outside india and its subsidiary company is in india and the Subsidiary company purchases immovable property/asset though the money is provided by holding company.Whether any compliances is required under FEMA or any other authority for the above transaction?
09 March 2011
Kindly check the form in which money has been provided by the foreign company.
Foreign company normally provide the funds to indian Company as : 1.Loan(ECB guidelines applicable) 2.Share Capital(pricing guidelines and filing of form FCGPR under FEMA)
Kindly check whether the money is received under the above mentioned 2 heads or any other form. Also the compliance's under FEMA also need to be taken care of.
CAclubindia
