Fc-gpr - stamp duty - date of allotment & date of issue

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Querist : Anonymous

Querist : Anonymous (Querist)

18 November 2016 Good Morning Everyone,

I have a query, what should be done while filing FC-GPR with RBI? Date of incorporation is 10.08.2016 funds received from foreign national in company's bank account on 17.10.2016, though remitted on 26th Sep, 2016; Advance Foreign Remittance reporting done on 09.11.2016 after receit fo KYC and FIRC from bank; now what should we do now as date mentioned in Share Certificate should be 10.08.2016, as subscriber is deemed shareholder since incorporation, however while filing FC-GPR they are saying you should file FC-GPR within 30 days from the date of issuance of share certificate.

Please advice.

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Pratik Shah

Pratik Shah (Expert)

18 November 2016 How can the date of Share Certificate be 10th August, 2016!!? Until and unless Company does not receive share subscribers money, Company can not issue share certificates. The date on share certificate in you case shall be 17.10.2016 or later date.

Querist : Anonymous

Querist : Anonymous (Querist)

18 November 2016 Considering the fact that he is subscriber and his name mentioned in MOA, they are deemed shareholder, hence date of allotment as date of incorporation, while can this be mentioned in share certificate by signing authority that date of issue being on or after receipt of payment while allotment as date of incorporation ?

Please suggest

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