Can anybody provide how to file Form FCGPR with RBI for bonus issue to NRI ? Who will be authorised dealer in case of Bonus shares to NRI? is there any other compliances?
rvsekar2000
(212 Points)
Replied 22 October 2010
You have to report to RBI through Form FC-GPR -Part A about the allotment details you have made as bonus shares to foreign investors and it should be filed with your regional RBI within 30 days of allotment of Bonus shares to your foreign investors.
Further , in case of bonus shares , there is no outflow or inflow of foreign exchange but it will increases the foreign debt liability in future and hence reporting is essential.
R.V.Seckar
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Priya Sharma
(Company Secretary & Student.MBA)
(998 Points)
Replied 22 October 2010
I second Mr. Sekar.
File form FCGPR Part A withhin 30 days of the allotment of shares to NRI with the regional office of RBI or authorised delaer, if there is no regional office at your place.
Authorised dealers are authorised by RBI to deal in foreign exchange, and foreign securities etc.
File two sets,one set will be returned with RBI stamp, acknowleding the receipt of the form from your end.
Regards
Priya Sharma
Jiten Gupta
(Company Secretary)
(1693 Points)
Replied 16 August 2013
Dear,
Is there any price determination formula which has to be predefined, at which bonus shares are to be issued??
Regards
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