FEMA
This query is : Resolved
16 February 2010
I WANT TO RAISE MONEY FROM FOREIGN COUNTRY FOR VARIOUS PURPOSES OF MY COMPANY. IF I GO THROUGH FEMA BY AUTOMATIC OR APPROVAL ROUTE OF RBI, I SUPPOSED TO USE MONEY ONLY FOR SPECIFIC PURPOSE i.e. FOR END USE. IS THERE ANY OTHER WAY THROUGH WHICH I CAN USE MONEY FOR VARIOUS PURPOSES.
THANKS IN ADVANCE
THANKS IN ADVANCE
18 February 2010
No, you need to comply with FEMA and RBI guidlines for the purpose.
Regards
Regards
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