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remittance of funds

satbir singhwahi

Indian company wants to transfer funds to its subsidiary in south africa, what is the procedure to trf Rs. 10 crore.

Indian Company Seeks Guidance on Transferring Rs. 10 Crore to South African Subsidiary; Advised to Consult RBI Resources An Indian company inquired about the procedure for transferring Rs. 10 crore to its subsidiary in South Africa. The response advised consulting an Authorized Dealer or the Reserve Bank of India (RBI) for guidance. Additionally, it was suggested to review the Master Circulars available on the RBI's website for detailed information on the process. (AI Summary)
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