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Compliance Issues with Delaware C Corp Formed via Stripe Atlas
15-Dec-2024 (In Corporate Law)
My cofounder and I, both Indian residents, formed a Delaware C Corp in July 2023 via Stripe Atlas, unaware of ODI regulations. Stripe later clarified that this may violate RBI rules, as incorporating and paying the fee could count as overseas direct investment. We own 30% each (shares purchased via IP, no cash), made zero filings for 2023, and haven’t filed W-7s for ITINs. How can we ensure compliance with RBI rules? If not possible, how do we dissolve it by year-end to avoid 2025 tax filing.
you approach company law tribunal and file waiver of income tax and follow the compliance of RBI Acts and rules and there is liberal in tax when there is overseas investment you can approach high court also based on the subject matter if an appornuity given I can help
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