Question
Lifesys Limited, a billion-dollar, Indian company wishes to create a chair in a reputed university in the U.S. This chair is for the computer science
Lifesys Limited, a billion-dollar, Indian company wishes to create a chair in a reputed university in the U.S. This chair is for the computer science department. The company expects to obtain your advice in regard to the following with reference to the FEMA, 1999.
a)Is such “chair” creation permissible?
b)What is the maximum amount that can be denoted for such a chair?
c)Any formalities to be complied with?
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The detailed answer for the above question is provided below As per Schedule III of the Foreign Exch...
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
