Foreign exchange management act, 1999 (fema): basic understa
Page no : 2
CA PARAS BAFNA
(Practising CA )
(33428 Points)
Replied 26 April 2012
@ Veeral Gandhi- May this excerpt be useful to you-
.
Indian companies having foreign investment approval through FIPB route do not require any further clearance from RBI for receiving inward remittance.
The companies are required to notify the concerned Regional Office of the RBI of receipt of inward remittances within 30 days of such receipt and within 30 days of issue of shares to the foreign investors or NRIs.
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$ Pillu $
(**Love - Live**)
(467 Points)
Replied 01 May 2012
Thank u so much sir..........for sharing..........
keep sharing.................
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