FC-GPR
This query is : Resolved
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
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
Message likes :
1 times
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...
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...
30 April 2011
FOR MORE INFORMATION :-
https://www.rbi.org.in/SCRIPTs/NotificationUser.aspx?Id=1438&Mode=0
https://www.rbi.org.in/SCRIPTs/NotificationUser.aspx?Id=1438&Mode=0
01 May 2011
Then the RBI needs to be approached for compounding of offense.
Anuj
Anuj
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Regime change
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
