Legal Question in Banking Law in India

Foreign money

Can any one send money to me from his Country to my country?

I had made to belive that I won Some GBP's, so can he send GBP's to me, is it legal? I live in India.


Asked on 3/14/09, 3:17 am

4 Answers from Attorneys
J. Radhakrishnan independent Practice

Re: Foreign money

anyone can send money to anyone in another country. It has to be in convertible currency like US dollars, Canadian dollars, UK pounds, euros, yens etc. If you mean GBP the pound sterling currency of UK., a resident of England can send the same to your country. If you have any offer on e mail, avoid responding to the same as these offers are scams floating around to defraud people on the internet.

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Answered on 3/14/09, 3:39 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Foreign money

Hello.

Good Afternoon.

Please dont believe this type of spam mails.

You will lose money in it.

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Answered on 3/14/09, 5:29 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Foreign money

You might have received SCAM MAILS. You may better ignore such mails informing you about WINNING of money.

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Answered on 3/14/09, 7:04 am
Pranav Desai PD Legal & Associates

Re: Foreign money

The validity of your remittance of money from abroad will be based on the nature of transaction. You may be required to consult an advocate on FEMA related issues.

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Answered on 3/14/09, 3:05 pm


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