Private Placement_NRE Account
This query is : Resolved
24 April 2023
A company have received amount from Mr. A's NRE Account and wants to issue NCCPS in lieu of this amount but could not issue the NCCPS due to some RBI guidelines. Now He wants that company will issue NCCPS in favour of his daughter who is already a shareholder of the Company. And that amount shown as gift given by father to his daughter.
Is it possible for company ??
or if company wants to refund the same then can company will refund that amount to his Residential account other than NRE Account ???
Kindly resolve the query as earliest.
Is it possible for company ??
or if company wants to refund the same then can company will refund that amount to his Residential account other than NRE Account ???
Kindly resolve the query as earliest.
24 April 2023
Yes, it can be refunded to the NRO account
02 June 2023
Can Mr. A gift that amount to his daughter ??
And If company wants to issue NCCPS to Mr. A's daughter then that amount must be received from his daughter's account..right ??
And If company wants to issue NCCPS to Mr. A's daughter then that amount must be received from his daughter's account..right ??
02 June 2023
Yes, it can be gifted.
Yes you are right.
Yes you are right.
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