Investment money through NRO account

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Isha Riwal

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Jul 19, 2022, 2:42:00 AM7/19/22
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Dear All,

If a private company is receiving money from NRO account will that be deemed as on non repatriable basis? 

Also fema compliances are to be done for the same? 



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CS Isha J. Riwal
Mem No.: 43918

Contact No.: 7990451383

Abnish Kumar & Associates

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Jul 19, 2022, 4:22:23 AM7/19/22
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It is not FDI and it is treated as domestic Investments. 

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Abnish Kumar |ACS, LLB, B.Com(H)

Abnish Kumar & Associates
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Amit Jagan

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Jul 19, 2022, 4:35:46 AM7/19/22
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It is not considered as FDI. Take a clarification letter from the investor that the investment is made from NRO account for your perusal.

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Isha Riwal

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Jul 19, 2022, 6:01:39 AM7/19/22
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Ok so FC GPR will not be filed. Please correct if i am wrong

Manoj Sharma

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Jul 19, 2022, 9:48:04 AM7/19/22
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Investment by PIO and NRIs on a non-repatriable basis is considered a domestic investment. No additional compliance. But the money must come by inward remittance from foreign, NRE or NRO accounts.

Isha Riwal

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Jul 19, 2022, 9:55:33 AM7/19/22
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Thank you all for prompt reply

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