Regulatory relaxations for startups clarified

0
1611
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

The Reserve Bank of India (RBI) in circular No. 51 on 11 February stated the following with respect to startups accepting payments on behalf of subsidiaries:

  1. A startup in India with an overseas subsidiary is permitted to open a foreign currency account abroad to pool the foreign exchange earnings out of the exports/sales the subsidiary has made;

    You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

    For group subscribers, please click here to access.
    Interested in group subscription? Please contact us.

    你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

    已有集团订阅,可点击此处继续浏览。
    如对集团订阅感兴趣,请联络我们

    The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.

    LinkedIn
    Facebook
    Twitter
    Whatsapp
    Telegram
    Copy link