Allotment to person of usa nationality

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2012 Where the proposed allottee in pvt ltd company is a person of nationality of USA then what is the procedure??

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
Follow

15 February 2012 1. Inform RBI within 30 days from the date of receipt of FDI in to the Company, the purpose for which the amount was received by the company. Note that amount should be credited in the Company's account not in INR

2. Receive FIRC from the Bankers (Authorized Dealers)which mention that amount is received for Equity Participation.

3.Allot the shares

4.Inform RBI within 30 days from the date of allotment by submitting following documents;
1.FCGPR
2.Copy of FIRC.
3. Auditor Certificate
4. Company Secretary certificate

5. On approval, RBI will send a unique number, which is to be mentioned in the share certificates.

Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2012 Thanks for reply..

But he is person of resident in India.. he will transfer amount from his indian bank Account..

Then????

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RADHAKRISHNAN A R

madhuseshu yathirajam

Ashif Cheenikkal

SHRI HARIRAO

J.Vijai

Subscribe Now

Allotment to person of usa nationality

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

Senior Executive

Accountant

CA Final

GST CONSULTANT

GST CONSULTANCY