Intimation to RBI
This query is : Resolved
06 May 2009
In one of the our company the whole equity has come as FDI. Than after we have received fund from our foreign holding company for which we havn't given any intimation to RBI for tha same.
I would like to know that which form i require to submmit with RBI and what is the procedure and time period for the same intimation....
I would like to know that which form i require to submmit with RBI and what is the procedure and time period for the same intimation....
07 May 2009
Dear Prakash
U need to follow following procedure.
1.Receive the money in foreign currency and get related FIRC from AD Bank.
2. Report to RBI within 30 days from the receipt of money in the formats given in the above circular along with KYC report from AD Bank(refer RBI circular 44 dated 30.05.08)
3. Allot the shares within 180 days of the receipt as above.
4. Report to RBI within 30 days from allotment in Form FCGPR as per the above circular.
All reporting should be routed through AD Bank.
rgds
Vivek
U need to follow following procedure.
1.Receive the money in foreign currency and get related FIRC from AD Bank.
2. Report to RBI within 30 days from the receipt of money in the formats given in the above circular along with KYC report from AD Bank(refer RBI circular 44 dated 30.05.08)
3. Allot the shares within 180 days of the receipt as above.
4. Report to RBI within 30 days from allotment in Form FCGPR as per the above circular.
All reporting should be routed through AD Bank.
rgds
Vivek
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Sales return eway bill
- Specified Profession
- GST ON DAMAGED GOODS
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- 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
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
