Dear Experts,
I am working in Pvt company in India and my parent company is in Hongkong. Now my parent company is remitting share capital to India. My query is
1. What is the procedure to use this share capital?
2. when I can use this share capital
3. If I want to use immediately, what should I do?
Need your advise urgently by step by step.
Regards
Panch
Individual Seeks Guidance on Using Remitted Share Capital from Hong Kong Parent Company; RBI Procedures Apply An individual working for a private company in India, with a parent company in Hong Kong, inquired about the procedure for using remitted share capital from the parent company. The questions focused on the procedure, timing, and immediate use of the share capital. An expert advised that since the remittance is from a foreign country, the procedure prescribed by the Reserve Bank of India must be followed. (AI Summary)
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