Hi Everyone!
Are there any relaxations for individual employees/directors of an Indian company engaged in the field of software for acquisition of shares in their JV/WOS abroad?
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Dear All, I have a query
A Ltd is a company in India, whose 99.99% shares are held by a US Parent Company. A Ltd is incorporated for providing software support services. It has entered into a contract with US Parent Company for providing services of software support. It raises monthly invoice to US company.
Now the Authorised Dealer Bank of A Ltd in India says that it cannot receive money from US Parent Company as current account transaction against the invoice. The money can come only as a FDI.
Can anyone help me out with the above?
Dear All, I have a query
A Ltd is a company in India, whose 99.99% shares are held by a US Parent Company. A Ltd is incorporated for providing software support services. It has entered into a contract with US Parent Company for providing services of software support. It raises monthly invoice to US company.
Now the Authorised Dealer Bank of A Ltd in India says that it cannot receive money from US Parent Company as current account transaction against the invoice. The money can come only as a FDI.
Can anyone help me out with the above?
A foreign investor wants to invest under 25 lacs INR in a startup in India (pvt ltd company).
What are the compliances required:
A. If the funds are remitted from abroad ?
B. If the fund is remitted from an Indian account (source of funds also being domestic, by liquidating some Indian asset, but the investor is non-Indian) ?
Request any guidance. Thanks
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when one partner of LLP is Indian and other is Foreign National Residing abroad, how the LLP agreement is signed? if we get signed the agreement first from Indian partner and then send to Foreign National by courier to his address and he signs there in abroad and then sends back to us for filing, will it be ok? whether the signing of Foreign partner is required to be notarized & apostilled? any other way? If you have any sample please attach the same.
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Can anyone help me with the draft of Board Resolution for writing off the investment made in the Wholly Owned Subsidiary abroad. Since the WOS has been shut down so we have to write off the equity investment and loan advanced to the WOS in the books of Parent Company in India. ?Also the parent Company is a listed Company and its writing almost 99% of the entire invested amount so do we have to intimate BSE about writing off the balance in our books?? Curtsy: DISHA JAIN
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