Fdi
This query is : Resolved
CA Ysil Karunai
(Querist)
05 December 2011
Dear Sir,
An Indian Company Receiving a Inward Remittance from NRI for Investing in a Shares of a Company. Amount received from F.Y. 2010-11 to F.Y. 2011-12.
Query:
1. The Company has not intimated to RBI within 30 days of receipt.
2. But Alloted Shares?
Please Guide on these issue whether now it can report all the remittance in a form FCGR?
Any other Procedure should follow on this regard?
An Indian Company Receiving a Inward Remittance from NRI for Investing in a Shares of a Company. Amount received from F.Y. 2010-11 to F.Y. 2011-12.
Query:
1. The Company has not intimated to RBI within 30 days of receipt.
2. But Alloted Shares?
Please Guide on these issue whether now it can report all the remittance in a form FCGR?
Any other Procedure should follow on this regard?
CA. Anuj Gupta
(Expert)
05 December 2011
Answer shall depend on the fact whether shares are allotted on repatriation basis or non repatriation basis.
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
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