https://www.taxtmi.com/circulars?id=54281 An Indian start-up with an overseas subsidiary may open a foreign currency account abroad to pool export/sales receipts, and the overseas subsidiary may pool receivables from transactions with Indian residents and non residents into that account. Balances due to the Indian start-up must be repatriated to India within the period applicable to realisation of export proceeds. Start ups may use OPGSPs for realising subsidiary receivables or repatriation subject to an RBI permitted value cap, and must have appropriate contractual arrangements among the parties. en-us Thu, 11 Feb 2016 00:00:00 +0530 Fri, 12 Feb 2016 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54281 An Indian start-up with an overseas subsidiary may open a foreign currency account abroad to pool export/sales receipts, and the overseas subsidiary may pool receivables from transactions with Indian residents and non residents into that account. Balances due to the Indian start-up must be repatriated to India within the period applicable to realisation of export proceeds. Start ups may use OPGSPs for realising subsidiary receivables or repatriation subject to an RBI permitted value cap, and must have appropriate contractual arrangements among the parties. Circulars FEMA Thu, 11 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54281