Dear Members,
If a Pvt. company issue Bonus shares to NRI investor, what formalities needs to be complied as per Co's Act, 2013 and does it require approval of RBI?
Kindly guide
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Bonus Issue to NRI
Replies (2)
No it does not require prior approval of RBI. Refer master circular issued by RBI:
https://rbi.org.in/scriptts/BS_ViewMasCirculardetails.aspx?id=9006
This URL not working sir
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