Foreign Inward Remittance for share application money
This query is : Resolved
01 July 2009
One pvt ltd company has received foreing inward remittance for share application money. No shares were issued till date. So what is the procedure to be followed ? whether we should inform to the RBI, if yes what is the form...
01 July 2009
Step 1 : First check whether the receipt is eligible for automatic route.
Step 2 : Collect FICR from Bank stating that the money is towards share application money.
Step 3 : Allot the shares
Step 4 : File Form FC-GPR part A to RBI
Step 5 : Obtain unique code alloted by RBI for the company
Step 6 : File FC-GPR part B every year.
Step 2 : Collect FICR from Bank stating that the money is towards share application money.
Step 3 : Allot the shares
Step 4 : File Form FC-GPR part A to RBI
Step 5 : Obtain unique code alloted by RBI for the company
Step 6 : File FC-GPR part B every year.
23 May 2011
Also if the shares have allotted after 180 days of receipt of share application money or there is delay in filing of FCGPR-A then you shall need to go RBI for compounding.
Anuj
0-9810106211
Anuj
0-9810106211
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Free lancer income
- LTCG for Assmt year 26-27
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Soyabean hsn code and gst rate
- NON- SUBMISSION OF LLP FORM 3
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
