13 July 2023
Indian company gets monetary support in the form of funding for rental deposit from a foreign company at the time of setting up business ie pre incorportion. The foreign company subsequently becomes a 100% holding company of the Indian company.
Now the Indian company want to reimburse the deposit paid to foreign holding company.
Can I understand the procedure involved in light of FEMA.
13 July 2023
Investment outside India under the automatic route can be made to set-up a new company abroad (JV or WOS). This can only be done by an Indian Company set-up under the Companies Act' 1956.
CAclubindia
