An NRI and his father (Indian Resident) have incorporated a company in India with both of them as director and shareholder. For the subscripttion money, NRI has remmitted amount to his father's account (normal bank ac) as there is no company account as yet. Can the father transfer this amount to company's account. If yes, what will be the FEMA compliance like filing of Form FCGPR in this regard?
1 Replies
Vaibhav Jandey
(Life iz Hard; I'm Harder)
(1175 Points)
Replied 23 August 2014
Hi, post this query into "Experts" section...with proper categorization...
or market it well on caclubindia so that the other esteemed member can come to know of your queries and help you with that.
Recent Topics
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
- Solving of Export Related Problems
Related Threads
CAclubindia
