Fcgpr in case of amalgamation

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Payal N Purohit (Querist)
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03 July 2013 In case of amalagamation, whether transferee company needs to submit FCGPR for shares issued to transferor, as shreholding pattern of both company includes NRI only. Plz guide.

Ajay Mishra

Ajay Mishra (Expert)
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04 July 2013 Hi
Yes, it is required to be filed, please read declaration sheet of Form-FC-GPR.

Payal N Purohit

Payal N Purohit (Querist)
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04 July 2013 Thanks. But there is no consideration involved. Only transfer of share capital from Tranferor to transfree company is involved.

Ajay Mishra

Ajay Mishra (Expert)
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04 July 2013 You will mentioned the details as you have and five the declaration for it.

If RBI has any clarification, then will ask from company.

I have face RBI, they are very co operative.

Ajay Mishra

Ajay Mishra (Expert)
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04 July 2013 One more thing, the Form-FC-GPR will be filed by the company whocse shares are involve. the share holders has no right to submit such form with RBI.

I will suggest you to take consultation from your registered AD.

Payal N Purohit

Payal N Purohit (Querist)
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04 July 2013 Thank you so much for your prompt reply.

Ajay Mishra

Ajay Mishra (Expert)
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04 July 2013 My Pleasure............

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