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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Transporter Declaration form
- Copyright software
- Invoice V/S Goods receipt Note Date
- Form 121 & TDS deduction
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
