Debashish Chakraborty (5 Points)
17 July 2017Hello,
Can we, 2 NRIs (husband & wife), form a Partnership Firm (not engaged in Agriculture, Real Estate business) in India ?
If yes, then how do operate Bank operations ? Current a/c NRE/NRO - same as Savings NRE/NRO ?
Heard that Banks insist on a locally resident partner also for Bank Operation - it is correct?
Thanks & Regards,
Debashish Chakraborty
(Singapore)
email : deb1407 @ hotmail.com
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 17 July 2017
debashish, u r right , if u want to open a llp or co. in india then it is mandatory to have one resident director/ partner in india for operation. same has been mandated by bank in case of all business forms.
Debashish Chakraborty
(5 Points)
Replied 17 July 2017
Preeti,
What about a Partnership Firm ? NOT a llp or co.
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 17 July 2017
if bank mandates then u have to appoint. partnership act do not have this type of conditions
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