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Dear Experts
There is one company which is incorporated in London in 2005 and their are four promoters say A,B,C & D. A is a NRI and B,C & D are resident of India. Capital contribution share of A is 40 % and of B,C, & D are 20% each. A has given his share of capital to company and he also gives capital contribution of B,C & D. A debited B,C & D in his books and B,C & D credited in A in their books. What are the compliance which were required to be made as per FEMA and all other acts. I would like to know this bank the dividend which is given to B,C & D has not been released by banks.
Thanks in advance. |
