Re-imbersements of Expenses to Foreign Sister Concern
Malav Shah (Company Secretary and AVP Legal) (171 Points)
05 October 2009Malav Shah (Company Secretary and AVP Legal) (171 Points)
05 October 2009
Avika, ACS
(HR Legal and Management Consultant)
(172 Points)
Replied 21 December 2009
In my opinion, re-imbursement of expenses would not require any formalities.
You would need to check with your bankers through which you would be making the remittance about the documents they need for the same.
They would ask you for documents like agreement as per which the remittance is being made, auditors' certificate etc.
Thanks,
Avika Kapoor, ACS
Kapgrow Corporate Advisory Services Pvt. Ltd.