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Recent Questions

Question added Jun 13, 2013 FEMA By RAHUL SATIJA , CA , North Delhi

answers

465 views

Q. FEMA - 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.

Question added Apr 19, 2013 FEMA By CA Dilawar Singh Rawat , CA , Delhi

answers

403 views

Q. FEMA - pls anyone tell me what is the guildlines under FEMA Act, if one person who is resident in india invest the money in Dubai.

Anwered By : Vikash Kumar Jha Rishabh Upadhyay

Question added Apr 10, 2013 FEMA By Amit Gupta , CA , Jammu

answers

398 views

Q. FEMA & I tax - Mr X want to need some money in Australia and he is asking Mr Y a NRI in Australia to get that money transferred to Australia through his account in India and the moment Mr X arranges that money in Australia he will give that money back in Autralia to Mr Y which may return back to India. Can this transaction be entered into considering the FEMA & I Tax & do we need to take any precautions in this case.

Question added Feb 05, 2013 FEMA By Mohammad Nazim , CA , Sambhal

answers

670 views

Q. Certificate of Foreign Inward Remittance’ - Dear professional I need your valuable opinion

Q is
Can bank correct the ‘Certificate of Foreign Inward Remittance’ once it has been made by bank ?
Bank issue Certificate as inward remittance for maintenance of office in India’.
&
We show inward remittance as Capita.

Question added Dec 28, 2012 FEMA By Haresh Hemani , Raipur

answers

440 views

Q. formate - plz provide me formate of undertaking/certificate regarding payment of income tax (under para 3b.10 of rbi act)

Anwered By : CA Satuti Mahajan

Question added Sep 08, 2012 FEMA By CA Sunil Kumar Jain , CA

answers

398 views

Q. Foriegn Borrowings - Can an Individual resident in India borrow US $ 1 or 2 million? If yes, what are the formalities?
Can an Individual resident in India open a Branch overseas? If yes, what are the formalities?
Can the overseas branch borrow overseas and transfer money to head office in India?

Question added Aug 27, 2012 FEMA By SURINDER SALUJA , CA , KAITHAL

answers

712 views

Q. Compliance for Wholly Owned Subsidiary(Pvt. Ltd.) of Foreign Company in India - Please Provide detailed compliance for Wholly owned subsidiary (Pvt. Ltd.) of Foreign Company in India

Question added Aug 03, 2012 FEMA By PRAKASH KUMAR SINGH , Rishra

answers

469 views

Q. FEMA - WHAT IS FEMA?

Question added Jul 17, 2012 FEMA By Vikash Misra , CS , Delhi

answers

419 views

Q. FEMA/EPCG: - we are providing ground handling services at 7 Airports in India.....we are getting revenue receipt through GSA of foreign airlines....we are providing ground handling services to Foreign airlines and are raising invoice to foreign airlines....can we receive money through GSA for services rendered to Foreign airlines...

Question added May 30, 2012 FEMA By Rahul Sahi , CA , Amritsar

answers

616 views

Q. Partnership with Non-Resident - Indian person wants to do business together with a Non-Resident(not NRI). Is it possible for them to form a partnership firm in India? Kindly suggest best form of entity with least complications.

Anwered By : Vikash Kumar Jha

Question added Mar 13, 2012 FEMA By amar , CA , delhi

answers

529 views

Q. fema - can a company open a foreign currency account in abroad

Question added Mar 02, 2012 FEMA By ashish , CA , delhi

answers

753 views

Q. FEMA - IS THERE ANY1 WHO HAS THE KNOWLEDGE OF FEMA

Anwered By : CA. SURESH Kr. AGARWAL

Question added Feb 28, 2012 FEMA By Vikash Misra , CS , Delhi

answers

497 views

Q. Revenue receipt of Deemed Export - We are ground handling company providing ground handling company at Airport.we are providing ground handling srrvices to domestic and international airlines. Under EPCG license it has been covered in Deemed export and eligible for meeting export obligation due to DGFT for import of capital goods. My qestion is that whether under FEMA rule can we receive money in India Rs. from foriegn airlines or we have to receive onlyu foreign convertible exchange currency only. currently we are receiving revenue in both USD and INR. I want to know your expert opnion under FEMA. Whther we can receive the revenue in INR???

Anwered By : Vaneet Gupta Vaneet Gupta Vaneet Gupta Vaneet Gupta

Question added Feb 09, 2012 FEMA By Mohammad Nazim , CA , Sambhal

answers

529 views

Q. FDI - Dear sir please give me your valuable opinion on the give situation
AB PVT LTD Indian company having two shareholder one is A (NRE) holding only one share and seconed Is B (foreign company) holding 9999 share.
FDI come under automatic route
all the investment by “B”
My Question is can we issue unsecured convertible debenture to “B” because Pvt ltd company can not issue unsecured debenture

Anwered By : Mrattunjay

Question added Nov 26, 2011 FEMA By Sudarshan jain , CA , delhi

answers

555 views

Q. Foreign Remittance - We have an agreement with an Indian company say X (Registered under Indian company act, 1956).

Nature of agreement: Design, supply and installation of Cargo Handling System at IGI Airport.

It is fully automatic system for movement of cargo under warehouse.

Now as per agreement with X we have to made an payment of their Germany nostro a/c.

As per my knowledge some payment are allowed such as infrastructure project but airport are excluded.

Further I don’t know exactly under which act it is falls.

So pl tell me I’m correct/not. Also tell me under which rule/section /notification /circular of RBI/other Act it is mentioned.

My observation is we can’t made payment in X foreign account and X also agreed with us.

Pl give specific answer with section/circular of respetive Act.

Question added Jul 07, 2011 FEMA By Gourav Goel , delhi

answers

933 views

Q. FEMA - What are the Accounts needed to be maintained in FEMA

Experts Panelist

Rambabu Senkarasetti

Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 409

CA Satuti Mahajan

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 291

Vikash Kumar Jha

Accounts, Audit, Banking, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 270

Rishabh Upadhyay

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 257

Ashish Karundia

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 257

Mrattunjay

Accounts, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 220

PRIYANKA

Accounts, Audit, Corporate Law, Excise, Finance, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 136

CA. SURESH Kr. AGARWAL

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 131

Vaneet Gupta

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 120

Ketan Samdani

Accounts, Audit, Corporate Law, Excise, Finance, GST, Income Tax, Service Tax, Students, VAT

Answers Posted : 117

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