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Foreign Remittance Urgent

FEMA - Started By: - CA. Varun Arora - Dated:- 3-12-2016 Last Replied Date:- 5-12-2016 - Dear Experts,'Please resolve my query.NRI had incorporated a pvt. ltd. company and holds 99% shares of that company, share capital of rs. 10 lacs. Now He had transferred rs. 90 lacs to pvt. ltd in the year of 2011 from his NRO Account. Apart from share capital shall be treated as Loan from Directors i.e. 80 lacs. And company had purchased immovable property out of this funds.Now in the year of 2016 Compa .....

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