Late filing of FC-GPR
This query is : Resolved
Suman Anand
(Querist)
26 February 2010
Dear Friends,
Do you have any precedence of late filing of FC-GPR???
Actually in one of a company received Rs. 6 crore in april 08 and did not intimate RBI for the receipt of money nor file Fc-GPR so far. Though the shares have been alloted within time.
We want to regularise it and want to know how much penalty can be imposed by RBI.
Kindly guide me.
Regards
Suman
Do you have any precedence of late filing of FC-GPR???
Actually in one of a company received Rs. 6 crore in april 08 and did not intimate RBI for the receipt of money nor file Fc-GPR so far. Though the shares have been alloted within time.
We want to regularise it and want to know how much penalty can be imposed by RBI.
Kindly guide me.
Regards
Suman
Ankur Garg
(Expert)
26 February 2010
As per my previous experience -- you should file all the pending forms as early as possible as there is no point to kept them pending.
Keep a proper explanation ready for late filing. Also take advise from the FEMA expert before filing.
Views of other expert solicited.
Best Regards
Keep a proper explanation ready for late filing. Also take advise from the FEMA expert before filing.
Views of other expert solicited.
Best Regards
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