Please Help: FEMA
Posted Date : 14-Dec-2017 , 11:01:07 am | Posted By Akshay Garg
whether person resident in india has to seek any permission under Foreign Exchange Management Act 1999 or for creating a discretionary Family trust in USA and Transfer of Funds from USA Bank Account to that Family Trust? ( No Transfer of funds from India)
Category : FEMA | Answers : 0 | Comments : 2 | Hits : 413
Answers
Comments
Gaurav Navedia
22-Dec-2017 , 07:56:51 pmAs per my knowledge transfer of funds from USA account to trust in USA won't attract any RBI permission. However do check on opening of trust. For any such approval you can write to RBI through your AD-Category I bank
Gaurav Navedia
22-Dec-2017 , 07:57:50 pmAs per my knowledge transfer of funds from USA account to trust in USA won't attract any RBI permission. However do check on opening of trust. For any such approval for opening of trust you can write to RBI through your AD-Category I bank