Fc-gpr
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2015
Dear Experts,
If a NRI subscriber purchase shares of Indian Company but make payment of it through Cheque of local Indian Bank, will FC-GPR required to be filed with RBI?
If a NRI subscriber purchase shares of Indian Company but make payment of it through Cheque of local Indian Bank, will FC-GPR required to be filed with RBI?
27 February 2015
I don't think so as FC-GPR is required when the foreign currency is received in India.
27 February 2015
I don't think so as FC-GPR is required when the foreign currency is received in India.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 February 2015
But FC-GPR is required to be filed for allotment of shares to NR/NRI?
In the above case, the NRI has made payment from his NRE account of Axis Bank.
In the above case, the NRI has made payment from his NRE account of Axis Bank.
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