FC-GPR
This query is : Resolved
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
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...
RAMESH KUMAR VERMA
(Expert)
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
CA. Anuj Gupta
(Expert)
01 May 2011
Then the RBI needs to be approached for compounding of offense.
Anuj
Anuj
Message likes :
1 times
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