Reserve Bank of India Guidelines on Paypal forex transactions

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Hi All,

I am very new to warrior forum and so far going through so many posts, felt good to have so much of info on various aspects of business.

My brother has started a software firm registered as private limited company (India). We are in a bit of confusion regarding RBI guidelines on foreign currency transactions especially with respect to paypal. I read here and there and most of the posts and views were talking about individuals. I also know that bankers do have their own forex agents but we may end up paying hefty sums to them and not feasible for all types of the receipts . We would like to know how exactly foreign exchange transactions work out for a private limited company registered in India.
Thank you for your kind help!

Regards,
Bhaskar
#bank #forex #guidelines #india #paypal #reserve #transactions

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