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There is a Private Limited Company fully owned by a Foreign holding Company and its subsidiaries, There is Liabilities standing in the Balance Sheet of the comapny in the name of its Holding Foreign Company. The question is whether these liabilities can be set of by issuing the shares to Foreign Comapany? If yes, What are the Requirements as per FEMA? Do we need to take any permission from RBI? If so, whats the Procedure? |
