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procedure for issue of shares

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(Querist)
17 July 2008 what is the procedure to be followed by an indian subsidary company(pvt)ltd when it receives a inward remittance from its foreign company towards shares.(under companies act and fema)
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Deepak

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Deepak (Expert)
17 July 2008 Asha
Under fema - Form FC GPR has to be filed with Rbi within one month of firc.
Under Companies Act - If shares are being issued to subscriber to moa, no need to file return of allotment of shares otherwise it has to be filed to ROC.
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