Company formation Query

Tax queries 443 views 1 replies
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Chartered Accountant
321 Points Joined May 2007

Dear All,

We are forming one pvt ltd. company. one of the director is indian and the other is from germany. Both with equal shareholding pattern.

My query is that when germany guy brings in money into india in this pvt ltd company as share capital say 10 lakhs. Do i need to take RBI permission OR is it exmpt upto certain limits. Also after 2-3 years can the money be repatriated back ?

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Rajesh Poddar

 

 

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On 09 September 2010 at 11:07 Report
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CA - Final Student
158 Points Joined December 2009

As far as  Repatriation is concerned upto a specified limit money can be send outside india after payment of Income Tax

 

Suggestion : One can confirm the limits by referring to The Foreign Exchange Management Act for more details

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On 09 September 2010 at 14:42


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