Submission of Information to Reserve Bank
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.... (1) Where the Indian Party holds 50% or more of the paid-up capital of the foreign entity and (i) the foreign entity has been in operation for a period of less than two years; or (ii) the Indian Party has not repatriated the amount of dividends, fees and royalties due to it from the foreign entity; or (iii) proceeds of exports to the foreign entity have not been real....
TaxTMI