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Receipt of foreign currency by indian company

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06 December 2013 if one Indian co. has received share application money through foreigner than it has to be reported to RBI or not ? & if co. don't want to issue shares to that person & will refund after a period of time but till that time they want to invest that money than can they do so? what are the provisions for that?
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CA. Aryendra

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CA. Aryendra (Expert)
06 December 2013 Yes it should be reported to RBI.

Go to notification Notification No. FEMA 20 /2000-RB dated 3rd May 2000.
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