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FEMA

Querist : Anonymous (Querist) 25 March 2011 This query is : Resolved 
Dear Sir,

My client is a owner of one Fashion boutique. He received a remmitance from US in the name of his boutique. But now he incorporated a new private limited company. Now he wants that his proprietorship business shall come under Private limited company and his remitance can be received in private limited company. Is this is possible?
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V.S.Massaaun (Expert) 26 March 2011
the legal entity of the company is separate from the individual.

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