Fema act
This query is : Resolved
N. Patidar
(Querist)
11 October 2011
Respected Sir,
Some of Non Residnet person has aplied for share capital in ABC Ltd. as under:-
Mr. A on 17.10.2008, Rs. 67,50,000/- INR
Mr B on 19.12.2008 Rs. 52,00,000/-
Mr C on 19.12.2008 Rs. 51,00,000/-
The Company has kept the above amount in share premium A/c and now
desire to allot shares. What formalities is required to be completed
. Please advise
*N. Patidar & Co
Chartered Accountants
1, Balaji Market, Kamal Chowk
NEEMUCH (M.P.) 458441
Mobile 09425106735 9425923135*
Some of Non Residnet person has aplied for share capital in ABC Ltd. as under:-
Mr. A on 17.10.2008, Rs. 67,50,000/- INR
Mr B on 19.12.2008 Rs. 52,00,000/-
Mr C on 19.12.2008 Rs. 51,00,000/-
The Company has kept the above amount in share premium A/c and now
desire to allot shares. What formalities is required to be completed
. Please advise
*N. Patidar & Co
Chartered Accountants
1, Balaji Market, Kamal Chowk
NEEMUCH (M.P.) 458441
Mobile 09425106735 9425923135*
CA. Anuj Gupta
(Expert)
14 October 2011
Kindly check whether the money has come on repatriation basis or non repatriation basis.
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
N. Patidar
(Querist)
16 January 2012
Money has come on non repatriation basis
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