account sourcing in mumbai

Compliance For Each Remittance

Compliance For Each Remittance


All remittances in India of Capital nature i.e. Share Capital under automatic route need to comply FEMA provisions which is as under:

a. Intimation of receipt within of foreign remittances of capital nature receipts like share capital, share application money should be done though an Authorised Dealer (Bank) within 30 days of receipt of funds

b. Filing of Form FC GPR within 30 days of allotment of shares along with Valuation Report and other documents

Legaljini team of company secretaries can advise and assist you for compliance of each of such remittance from foreign person.

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