Please guide who is authorized to change the Authorized Dealer under FEMA and RBI?
and what is the role of CS for change in the AD?
Fema
Dipti (CS Trainee) (71 Points)
12 August 2011
3 Replies
valji
(Accounts manager-MBA)
(2150 Points)
Replied 12 August 2011
Authorised dealer is bank to whom you received inward remittance from NRI or foreign company
the role of CS is to issue certificate for following Rule of FEMA act & Ca are decide price guideline & also FEMA rule
Dipti
(CS Trainee)
(71 Points)
Replied 13 August 2011
sir,
My Q. is how can a company change its AD bank from one to another ? ( i.e. my company wants to change its AD from HSBC to some other bank ) . what are teh process to be followed by company and its CS for the same?
valji
(Accounts manager-MBA)
(2150 Points)
Replied 16 August 2011
collect no objection letter from Your AD i.e HSBC
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