Hello All!
I have a query regarding filing of Form FC GPR with the RBI. My client company has received money in two tranches for allotment of subscribed shares, and so the bank has issued two FIRC. Now, my question is do I need to file two separate FC GPR forms or one will suffice, as money is been received for the same allotment?
Please guide!!!
Thanks and Regards!!
Hello
You can file 1 FCGPR provided you are filing FCGPR within stipulated period (that is 30 days from the date of allotment of shares)
Further you need to ensure that you are reporting to RBI about receipt of funds within stipulated time (within 30 days of receipt of funds) so may be you need to file 2 seperate intimations to ensure that the time limit is adhered to. On these filings you will receive UIN (Unique Identification Number) from RBI which you need to quote in FCGPR.
Regards
CA Kedar
CAclubindia
