FC-GPR

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Please advice below:

Listed entity was allotted equity shares to FIIs (QIBs) through Qualified Institutional Placement basis. In connection with we need file FC-GPR through AD-I within 30 days from the allotment of such date. The subscripttion money has credited into Escrow Bank Account from Custodian Bank of Concerned FIIs (SEBI registered FIIS maintained FCNR or Non – Resident Special Rupee account with Custodian bank). Please clarify Whether FC-GPR form should be file through custodian banks (in this case more than one custodian bank involved) or Escrow Bank.

 Thanks in advance

Manivannan J

Replies (3)

Hi


Dear Friend Form FC-GPR (Part-A) will be filed by company with in 30 days from allotment through AD. The AD will be whom the total transaction records is maintained including Escrow A/c.

The bank who maintained Escrow acount will be treated ad AD -I and they will file such Form FC-GPR (Part A).



Regards

Dear Mr.Ajay Mishra,

Thank you

From where the FIRC issued that bank treated as AD.

Please note you have 180 days to allot the shares but you have to intimate through AD regarding the inflow to RBI within 30 days from the date of receipt of money.


CCI Pro

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