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    Regarding FEMA Act

    Posted By : CS Gaurav / Published on : 04-Feb-2019 02:07 PM / View : 485 / Comment : 0

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    My client has a private limited company, a wholly owned subsidiary of a foreign company. Its business id research & development in pharmaceutical.

    Now, the company is taking a grant from a university located in the UK. For the same company raised the invoice to the university.

    My question is that this transaction falls within any RBI Compliance????
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