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TMI BlogPayment made by Foreign parent Company for capital goods for Indian entityX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi, A US parent has made payments to a foreign vendor in foreign currency for the goods(computers and laptops) shipped to its india subsidiary. These are subsequently adjust to the monthly billing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... invoices of the subsidary. Are these transactions in violation of FEMA? if yes - what is the way out of this transaction and regularise these? Foreign company has also paid for the rental deposit d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... irectly to the Indian builder for its premises office in India. Indian subsidiary did not have any bank account during this period. Are these pre incorporation expenses as per RBI/2006-2007/368A. P. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (DIR Series) Circular No. 47 dt march 2007 ?. Are thes etransaction violation of FEMA?. Kindly suggest or advise - Reply By YAGAY andSUN - The Reply = Please do check whether such paid amount ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n be converted in FDI or Equity or as additional capital invested. - Payment made by Foreign parent Company for capital goods for Indian entity - Query Started By: - Roopa Kamath Dated:- 16-3-2021 F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EMA - Foreign Exchange Management - Got 1 Reply - FEMA - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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