INVESTMENT IN FOREIGN COs
This query is : Resolved
22 February 2010
DEAR FRIENDS
CAN YOU TELL ME
1. WHAT ARE THE GUIDELINE REGARDING FORMING A FOREIGN COMPANY BY SENDING REMITTANCE FROM AN INDIAN COMPANY FOR MEETING PRELIMINARY EXPENSES ?
2. WHAT SHOULD BE THE MOST APPROPRIATE FORM FOR THE REMITTANCE - SHARE CAPITAL OR LOAN & ADVANCES.
3. IS THERE ANY RESTRICTION REGARDING ADVANCING LOAN TO A FOREIGN COMPANY.
THANKS AND REGARDS
CAN YOU TELL ME
1. WHAT ARE THE GUIDELINE REGARDING FORMING A FOREIGN COMPANY BY SENDING REMITTANCE FROM AN INDIAN COMPANY FOR MEETING PRELIMINARY EXPENSES ?
2. WHAT SHOULD BE THE MOST APPROPRIATE FORM FOR THE REMITTANCE - SHARE CAPITAL OR LOAN & ADVANCES.
3. IS THERE ANY RESTRICTION REGARDING ADVANCING LOAN TO A FOREIGN COMPANY.
THANKS AND REGARDS
23 February 2010
The procedure for forming a foreign company would depend onthe law applicable in that particular country.
As regards remittance of money, there is no restriction in making remittance to a wholly owned subsidiary and the same can be in the form of capital or loans and advances. Loans and advances would be preferred.
There are no restrictions provided it is under the investments limit of the company and routed through proper banking channels.
As regards remittance of money, there is no restriction in making remittance to a wholly owned subsidiary and the same can be in the form of capital or loans and advances. Loans and advances would be preferred.
There are no restrictions provided it is under the investments limit of the company and routed through proper banking channels.
Message likes :
1 times
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
- Query Regarding on TDS section 194H and 194J
- Fixed Deposit Claim Relinquishment by the Nominee
- NR GST NUMBER
- ITR 6 Schedule CFL and UD Issues
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Not a CA , can we prepare balance sheet
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- GST Form ADT-02
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GST Refund SB005 Error
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
