Dear Sirs & friends,
Our company had issued equity shares to forign company in 21.01.2014 but didnt file FCGPR form.Whta to do now?..
Regards,
Dipa
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Fcgpr
Replies (2)
| Originally posted by : Dip Kd | ||
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Dear Sirs & friends, Our company had issued equity shares to forign company in 21.01.2014 but didnt file FCGPR form.Whta to do now?.. Regards, Dipa |
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Dipa, I would recommend that you file it immediately.
Your Authorised Dealer may ask you to submit a reason for delay, in which you can explain the cause for non-filing. Alternatively, you can suo-moto file an application for condonation to RBI through your authorised dealer. If RBI accepts your explanation, well and good. Otherwise you may approach the compounding authority in RBI for compounding the offence.
Thanks sir
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