Significant FCRA Amendments: What they are and How they affect you !!Suhel Goel
This document summarizes the various amendments brought about through the Foreign Contribution (Regulation) Amendment Rules, 2015 under the FCRA Laws applicable to Foreign Grants received in India by NGOs and other entities.
Objectives & Agenda :
The Regulations under FEMA regulate a transaction based on whether the transaction is a 'Capital Account Transaction' or a 'Current Account Transaction'. In this Webinar we shall understand the Definition of the terms 'Capital Account Transactions' and 'Current Account Transactions'. We will also look at various transactions covered and the limits applicable to such transactions.
Objectives & Agenda :
The Regulations under FEMA regulate the Import transactions of Goods, Services and Currencies. In this Webinar we shall understand the Definition of the term 'Import', 'Services' and 'Currencies'. We will also look at various procedures and compliances involved while Importing goods or services or currencies.
Significant FCRA Amendments: What they are and How they affect you !!Suhel Goel
This document summarizes the various amendments brought about through the Foreign Contribution (Regulation) Amendment Rules, 2015 under the FCRA Laws applicable to Foreign Grants received in India by NGOs and other entities.
Objectives & Agenda :
The Regulations under FEMA regulate a transaction based on whether the transaction is a 'Capital Account Transaction' or a 'Current Account Transaction'. In this Webinar we shall understand the Definition of the terms 'Capital Account Transactions' and 'Current Account Transactions'. We will also look at various transactions covered and the limits applicable to such transactions.
Objectives & Agenda :
The Regulations under FEMA regulate the Import transactions of Goods, Services and Currencies. In this Webinar we shall understand the Definition of the term 'Import', 'Services' and 'Currencies'. We will also look at various procedures and compliances involved while Importing goods or services or currencies.
This presentation explains the impact of both India Foreign Exchange Laws and the India Transfer Pricing Regulations on the import and export transactions done with an Indian Entity.
it will help you to understand this concept very easily.
It contains definition of capital account transaction,explanation of definition, classification of capital account transaction (FDI, Portfolio investment, other investment & reserve account)
To gain knowledge on various reports and forms prescribed by RBI for transactions undertaken under the ambit of FEMA. In this Webinar we shall look into various reports and forms which are to be submitted by or through Authorised persons/ dealers in specific cases like Foreign investment, Overseas Direct Investment, External Commercial Borrowings.
Objectives & Agenda :
Foreign Exchange Management Act, 1999 has the authority to govern the Capital Account Transactions and Provision of Services between Non-Residents and Realisation and Repatriation of Foreign Exchange. FEMA empowers the RBI to prescribe Regulations in order to govern such transactions. In this Webinar, we shall understand the FEMA regulations governing International Financial Services Centre (IFSC) and Offshore Banking Unit (OBU).
Foreign Currency and Foreign Currency Accounts for Residents under FEMADVSResearchFoundatio
Objectives & Agenda :
The Regulations under Foreign Exchange Management Act, 1999 regulate Foreign Currency that can held by an individual in India. In this Webinar we shall understand the Definition of the term 'Foreign Currency' and the regulation which governs the possession of foreign currency in India and the various types of Foreign Current Accounts that can opened by an Indian resident and the related conditions.
Compounding refers to the process of voluntarily admitting the contravention, pleading guilty and seeking redressal. The Reserve Bank is empowered to compound contraventions under Foreign Exchange Management Act, 1999. In this webinar, we shall understand the provisions of FEMA Act and its regulations relating to Compounding of Offences
Objectives & Agenda :
The Regulations under Foreign Exchange Management Act, 1999 regulate Foreign Currency Accounts that can held by an non-resident in India. In this Webinar we shall understand the Definition of the term 'Foreign Currency' and the various types of Foreign Currency Accounts that can opened by a Non-resident in India and the related conditions.
Objectives & Agenda :
The Regulations under FEMA regulate the Export transactions of Goods, Services and Currencies. In this Webinar we shall understand the Definition of the term 'Export', 'Services' and 'Currencies'. We will also look at various procedures and compliances involved while Exporting goods or services or currencies.
This presentation explains the impact of both India Foreign Exchange Laws and the India Transfer Pricing Regulations on the import and export transactions done with an Indian Entity.
it will help you to understand this concept very easily.
It contains definition of capital account transaction,explanation of definition, classification of capital account transaction (FDI, Portfolio investment, other investment & reserve account)
To gain knowledge on various reports and forms prescribed by RBI for transactions undertaken under the ambit of FEMA. In this Webinar we shall look into various reports and forms which are to be submitted by or through Authorised persons/ dealers in specific cases like Foreign investment, Overseas Direct Investment, External Commercial Borrowings.
Objectives & Agenda :
Foreign Exchange Management Act, 1999 has the authority to govern the Capital Account Transactions and Provision of Services between Non-Residents and Realisation and Repatriation of Foreign Exchange. FEMA empowers the RBI to prescribe Regulations in order to govern such transactions. In this Webinar, we shall understand the FEMA regulations governing International Financial Services Centre (IFSC) and Offshore Banking Unit (OBU).
Foreign Currency and Foreign Currency Accounts for Residents under FEMADVSResearchFoundatio
Objectives & Agenda :
The Regulations under Foreign Exchange Management Act, 1999 regulate Foreign Currency that can held by an individual in India. In this Webinar we shall understand the Definition of the term 'Foreign Currency' and the regulation which governs the possession of foreign currency in India and the various types of Foreign Current Accounts that can opened by an Indian resident and the related conditions.
Compounding refers to the process of voluntarily admitting the contravention, pleading guilty and seeking redressal. The Reserve Bank is empowered to compound contraventions under Foreign Exchange Management Act, 1999. In this webinar, we shall understand the provisions of FEMA Act and its regulations relating to Compounding of Offences
Objectives & Agenda :
The Regulations under Foreign Exchange Management Act, 1999 regulate Foreign Currency Accounts that can held by an non-resident in India. In this Webinar we shall understand the Definition of the term 'Foreign Currency' and the various types of Foreign Currency Accounts that can opened by a Non-resident in India and the related conditions.
Objectives & Agenda :
The Regulations under FEMA regulate the Export transactions of Goods, Services and Currencies. In this Webinar we shall understand the Definition of the term 'Export', 'Services' and 'Currencies'. We will also look at various procedures and compliances involved while Exporting goods or services or currencies.
Foreign exchange is applicable on all type of foreign inflow in the India. Fema is applicable venture funding in india. all investment by NRI in india subject to FEMA regulations.
Objectives & Agenda :
The Regulations under FEMA regulate the Import transactions of Goods, Services and Currencies. In this Webinar we shall understand the Definition of the term 'Import', 'Services' and 'Currencies'. We will also look at various procedures and compliances involved while Importing goods or services or currencies.
Reserve Bank of India - RBI ForEx Workshop at Bhilwara - Topic Trade Regulati...sangamuniversity
Regional Director Dr Sathyan David Reserve Bank of India - RBI Jaipur and Team conduct First Time Ever workshop cum interactive session on ForEx Management at Bhilwara on 26 Aug 2013 in which Mewar Chamber of Commerce officials, Importers & Exporters, Charted Accountants & Company Secretaries, officials from Lead Banks, Vice Chancellor along with a team of MBA Faculty from Sangam University actively participated in the proceedings. Sri CD Srinivasan Chief General Manager from RBI Mumbai conducted the FEMA session including Derivatives with Clinical Precision. Ms Sunanda Batra from RBI Jaipur proposed vote of thanks and Sri ML Meena from RBI Jaipur anchored the proceedings.
Foreign Direct Investment (FDI) is one of the most popular route for foreigners to start a company in India. This slide share would explain about FDI in private limited company.
Instruments issued by registered foreign institutional investors (FII) to overseas investors, who wish to invest in the Indian stock markets without registering themselves with Securities and Exchange Board of India are called Participatory Notes or P-Notes.
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Attending a job Interview for B1 and B2 Englsih learners
Foreign Trade, Nr Is And International Business
1. FOREIGN TRADE, NRIs AND INTERNATIONAL BUSINESS by : DR. T.K. JAIN AFTERSCHO ☺ OL centre for social entrepreneurship sivakamu veterinary hospital road bikaner 334001 rajasthan, india [email_address] mobile : 91+9414430763
2. IMPORTANT INFORMATION DOCUMENTS EXIM POLICY HANDBOOK OF IMPORT AND EXPORT PROCEDURE FEMA EXCHANGE CONTROL MANUALS FEDAI DOCUMENTS
3. IMPORTANT DOCUMENTS AT THE TIME OF IMPORT IMPORT LICENSE FOREIGN EXCHANGE CONTROL COPY BILL OF ENTRY FOR HOME CONSUMPTION CUSTOMS ASSESSMENT CERTIFICATE OR POSTAL ASSESSMENT FORM
4. OPENING L/C Importer will approach his bank for opening an L/C L/C = Letter of credit the bank of the importer will give a guarantee about payment to the bank of the exporter under L/C. When the exporter exports, he can obtain immediate payment from his bank on producing L/C of the importer's bank. The banks will have transaction between themselves.
5. Difference between packing credit and L/C Packing credit is issued to exporter, but L/C is issued to importer. Packing credit covers all the expenditure till export, L/C covers the price of import = and as per this the exporter gets payment as soon as he exports. The bank of the importer provides this facility to the importer against some charges.
6. Foreign exchange requirements Importer requires foreign exchange for imports. The banker / authorised dealer provides foreign exchange after looking at the necessary documents like import licence etc. The foreign exchange must be used for the purpose for which it has been obtained. The banker / authorised dealer has to ensure that only that amount is released which is actually required.
7. Mode of payment Authorised dealers will ensure that payment regarding impor is made in account. Cash payments are not permitted. In case advance payment is made, physical goods must come in 3 months. If the amount is more than $25000 then there must be a guarantee from some international bank. Proper EC copy must be submitted by the importer
8. Time limit for settlement Import payments must be settled within 6 months from the date of import. If it is more than 6 months, then it will be treated as ECB (external commercial borrowing) and will require prior permission of RBI/ Government
9. Export remittances The exporter has to declare exports to RBI and has to ensure that payments are received within time and as per approved methods of payments. Payments can be collected through bank account / international credit card / FCNR / NRE account / escrow account etc
10. Exports that dont require declarations.... Demonstrations / sales promotions (UPTO 2% OF TOTAL EXPORTS ONLY) , gifts (upto 1 lakhs), exports for reimports only, goods sent for repairs, goods less than 25000 rupees in value, samples, publicity material, personal goods of travellers.
11. What is consignment export ? Consignment means you are sending goods to someone for trade on your responsibility – and if goods are not sold, they are your property and you may get it back. Consignment export means sale or return back. It has to be settled in 6 months.
12. Exports requiring RBI approval Examples : project exports, export as contract against imports, elongated payment period, exports relating to agrements of government of India or other governments
14. SEZ If you are operating from SEZ you are permitted to have foriegn currency account with an authorised dealer
15. Authorised dealers These are listed with RBI as per FEMA, they have to obtain RBI permission for some specified business transactions. Example: they cannot give guarantee in favour of exporters without RBI permission unless that exporter is listed as non-caution exporter.
16. Forfaiting Factoring and forfaiting can be undertaken by EXIM bank / authorised dealers. Under this they collect payments regarding export receivables against commission.
17. New trends.... Indian companies are now permitted to have foreign exchange accounts in other countries and to have properties in other coutnries (with prior approval from RBI) and they can acquire businesses / firms in other countries also as per their business requiremetns (as per govt. Policies) .
18. PEM PEM stands for Project Export memorandum – when companies are entering into project exports, they have to follow guidelines relating to this. Project exports generally has deferred payments - therefore prior permission must obtained before enteringi into PEM.
19. Other provisions Authorised dealers have to ensure that they get copesof GR Form and other documents required andforeign currency is used for acutal import / export and all required documents are submitted.
20. FDI Upto 100% Foreign Direct Investment is permitted under automatic route in many sectors. Investors will have to inform regional office of RBI in 30 days of remittances. In some sectors industrial licence is required and in some sectors, FDI is not permitted. But in most of the sector, now it is permitted including atomic energy etc.
21. Shares issue to NRIs Within 30 days of share issue to Non-residents, FC – GPR form has to be submitted. They have to submit all the details like they have implemented all the provisions of companies act & FEMA for this purpose.
22. Transfer from NR Now non residents can transer shares to other non-residents / residents and such transfer can be for consideration / as a gift. This tranfer can be only to an NRI / resident Indian. They can also sell it in stock exchanges through brokers. They will have to take NOC from income tax department
23. Tranfer by residents As per RBI notification of 2000, residents can also tranfer to non-residents – as per FEMA – so long as it is in automatic route. You have to keep in mind SEBI (Substantial acquisition of shares and takeover) regulation 1997 + required regulations under IRDA or other such laws.
24. Permission from RBI If it is not falling in automatic route, apply for permission to RBI with a copy of FIPB approval and details like pric, mode of payment etc. Price must not be lower than the higher of the average weekly high / low of last 6 months. FC-GPR form with details of existing shareholding must also be submitted.
25. FDI in different modes FEMA regulations 2000 give schedule I which gives list of industries for which automatic route is there. It doesnt requre prior RBI permission, for othe industries, take prior permission from RBI. Rate of dividend should not exceed SBI prime lending rate + 300 basis points. For other sectors take permission from SIA / FIPB/ RBI for investments.
26. PORTFOLIO INVESTMENT FIIs including asset management companies, mutual funds, hedge funds etc. Are permitted to invest in shares in India. FII have to invest in ratio of 70:30 in equity and debt when they invest in India, they are also permitted to invest as 100% debt.
27. Limits for FII investment An NRI / PIO can buy upto 5% in a company. All NRI/PIO/OCB can invest upto 10% in a company. A single FII can invest upto 10% in a company and all FIIs together can invest upto 24% in a company. Companies can raise this limit by passing board resolution and special resolution in general meeting subject to sectoral cap (like 49'% or 74% etc.)
28. FII dealings FII can deal through stock exchanges without RBI permission, but if they are dealing without stock exchanges, they have to obtain permission from RBI.
29. NRI dealings NRIs have to deal through NRE /FCNR account only. Sometimes they are permitted to deal in NRO account also – when they are investing on non-repatriation basis.
30. PERMITTED FIIs FOLLOWNG CAN REGISTER AS FII WITH RBI & SEBI: banks, pension funds, hedge funds, mutual funds, insurance companies, investment funds etc.
31. ECB External commercial borrowings : Indian comapnies can raise loans from other countries through various routes like : FRN (floating rate note), ECP (euro commercial paper), FCCB (foreign currency convertible bond), NIF (note issue facility), syndicate loan, etc.
32. ECB MECHANISMS Companies engage in many ECB mechanisms like : arbitrage hedging underwriting fund raising etc.
33. ADR /GDR American depository receipt / Global depository receipt are permitted by RBI as per scheme of 1993, companies can also sponsor issue of ADR / GDR. Infosys, Wipro etc. Are some of the companies which went for ADR / GDR during 1990s. After ADR/ GDR company will have to submit return in proforma as per annexure C of RBI notification 2000.
34. Royalty / technical fees Upto $2million of royalty upto 5% of domestic sale or 8% of export sale is permitted as royalty.
35. EEFC account Exchange Earners Foreign Currency account – a person who has earned foreign currency can retain 50% of the foreign currency earned in EEFC account with authorised dealers. This account can be used for current account transactions or for permitted capital account transactions.
36. RFC account Resident foreign currency account – if an NRI is returning India for ever, he can keep his foreign currency in RFC account and there are no restriction on use of funds in RFC account.
37. RFC (DOMESTIC) ACCOUNT A Resident who lives in India but receives foreign exchange payments / honorarium can open RFC (Domestic) account for retaining such payments.
38. Liberalised Remittance Scheme Residents can use upto $25000 for payments for permitted transactions per annum in this scheme Foreign Exchange Management (current account transactions) rules 2000 schedule I and II.
39. THANKS.... GIVE YOUR SUGGESTIONS AND JOIN AFTERSCHOOOL NETWORK / START AFTERSCHOOOL NETWORK IN YOUR CITY [email_address] PGPSE – WORLD'S MOST COMPREHENSIVE PROGRAMME IN SOCIAL ENTREPRENEURSHIP