Schedule I of prohibitions given by RBI (FEMA)

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What is meant by .......

1)Call back services of telephones

2)dividend balancing

Please clarify this one ..

Replies (1)

 

 

Dividing Balancing means "the cumulative outflow of foreign exchange on account of payment of dividend over a period of seven years from the date of commencement of commercial production to investors outside India shall not exceed cumulative amount of export earning of the company during those years. "

Regards.


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