Over the recent weeks, I have set a record of sorts. My maiden venture into the field of entrepreneurship was a huge step forward, but a risk none the less.
I am now quite happy for several reasons. The first one being my concept of learning and
We often wish that we could hold accounts in the currency of our choosing. The good news is we are getting there. India in now convertible on current account, while we are partially convertible on capital account. More in later posts on current
The answer is very simple. You need an expert on your side who can guide you as to the practical nuances relating to receipt of funds and issue of shares to non residents under FEMA.
While the RBI Master Circular is written in plain
2nd September 2011
Interbank Mobile Payment Service (IMPS)was launded for the public on 22nd November 2010 .
IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones. IMPS facilitate customers to use
CAN A NRI/PIO REMIT PROCEEDS OF SALE OF PROPERTY IN INDIA FROM HIS NRO ( NON RESIDENT ORDINARY RUPEE ACCOUNT).
NRI/PIO may remit an amount, not exceeding USD 1 million per financial year, out of the balances held in NRO accounts /
When a person resident in India wishes to make remittance to non-residents, such remittances can be made by banks if the person making the remittance furnishes an undertaking, accompanied by a certificate from a Chartered Accountant (“CA
Inward remittances in foreign currency.
By and large, inward remittances are permitted without any restrictions. However, certain remittances towards capital account are regulated i.e. External commercial borrowing and inward remittance towards
Incoterms® - International Commercial Terms
The Incoterms rules are an internationally recognized standard and are used worldwide in international and domestic contracts for the sale of goods. First published in 1936, Incoterms rules provide
LRS = Liberalized remittance scheme of RBI for Individuals: The path to full convertibility.
Having invested in companies abroad can an individual provide loans to such companies?
No. This is not permitted.
Can you repay
Businessgyan - The destination for Business Knowledge powered by a community of experts, who share and point to useful and inspiring articles for entrepreneurs and business leaders. Find articles, blogs, videos and links that experts value in the areas of Entrepreneurship, Leadership, Marketing, Human Resource, Technology, Operations and Facilities