Share Allotment Money
This query is : Resolved
Neha Nagpurkar
(Querist)
11 May 2010
Sir,
If we received the share application money from overseas and if we intimate to RBI but with out issuing FCGPR we utilised the funds
or not
If we received the share application money from overseas and if we intimate to RBI but with out issuing FCGPR we utilised the funds
or not
Ankur Garg
(Expert)
13 May 2010
Allotment is necessary within 6 months otherwise u have to return the amount. So avoid the use of funds.
Filing of FCGPR is mandatory so be careful.
Filing of FCGPR is mandatory so be careful.
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