Allotment of share to nri
This query is : Resolved
riddhi shah
(Querist)
11 October 2014
I have a company where there are two NRI directors and have to allot the 500 share each so can you please tell me whether I have to comply with FEMA and inform RBI
Nikhil Kaushik
(Expert)
11 October 2014
you need to intimate the receipt of funds to RBI within 30 days of receipt. and upon allotment file FC-GPR with RBI
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