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Funds withheld
by the bank due
to compliance
related issues
Industry/Sector
Software Services
Problem faced:
Funds not released by the bank due to:
-Merged Entity
- Software exports
- Compliance related issues due to changes
in the Signatory and address
3
Solution offered:
STPI registration cancelled and new one applied
4
Impact:
- Pending Softex forms
obtained
- FIRCs released from RBI
- Banks released the funds
5
6
Contact us:
www.crestworth.in

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