How to Borrow Money from Non-Resident Indian or Person of Indian Origin
- March 12, 2017
- Posted by: SosAdmin)
- Category: FEMA/RBI
No CommentsIn India borrowing of money from NRI or Person of Indian Origin is governed by FEMA act, relevant rules and notifications issued by RBI The borrowing of money can be classified into two categories Borrowing in INR by persons other than companies in India A person resident in India, not being a company incorporated in
All About Liberalised Remittance Scheme-Part1
- March 10, 2017
- Posted by: SosAdmin)
- Category: FEMA/RBI
With globalisation, movement of funds between countries has become quite common. In this context it is quite important to take note of Liberalised Remittance Scheme in India. Under this scheme a resident can remit upto USD 250000 for capital and current account transactions. Who are Eligible to remit under this scheme A resident Indian can
When Softex Form Has to be Filed?
- March 8, 2017
- Posted by: SosAdmin)
- Category: FEMA/RBI
Softex form has to be filed whenever there is export of software otherwise than in physical form. For example via magnetic tapes/discs, paper and transmission links When Softex Form has to be filed Softex in the form of Excel summary sheet as notified by RBI can be filed for all invoices raised in a month.