FC-GPR

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Prabhjot

Prabhjot (Querist)

28 April 2011 When Form FC-GPR is to be filed?For what purpose?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

29 April 2011 DEAR AUTHOR,

FC -GPR IS DECLARATION FORM RBI SUBMITTED IN REGIONAL OFFICE OF RBI, FOR ELIGIBILITY OF ISSUE THE SHARE TO NON -RESIDENTS UNDER FEMA NOTIFICATION NO. 20/2000/RB DTD 3-05.2000.

PLEASE NOTED THAT After the Issue of shares, the company should file a report in Form FC-GPR not later than 30 days from the date of issue of shares, The report should contain the following details,

A certificate from the Company Secretary of the company accepting investment from persons resident outside India certifying that

All the requirements of the Companies Act, 1956 have been complied with;

Terms and conditions of the Government approval, if any, have been complied with;

The company is eligible to issue shares under these Regulations, and

The company has all original certificates issued by Authorised Dealers in India evidencing receipt of amount of consideration.

A certificate from Statutory Auditors or a Chartered Accountant indicating the manner of arriving at the price of the shares issued to the persons resident outside India.

FOR MORE INFORMATION :-

https://www.rbi.org.in/SCRIPTs/NotificationUser.aspx?Id=1438&Mode=0

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Prabhjot

Prabhjot (Querist)

30 April 2011 Respected Sir,

Thanks for your expert advice,
If company delay file a report in Form FC-GPR later than 30 days from the date of issue of shares.
Than what will happen...

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

30 April 2011 FOR MORE INFORMATION :-

https://www.rbi.org.in/SCRIPTs/NotificationUser.aspx?Id=1438&Mode=0