Fcgpr

Others 372 views 1 replies

Hi, 

Pls can anyone share whether a CA certfiicate is also required while filing form FCGPR for issue of CCDS to foreign investors. 

Share the format if possible. 

Thanks & regards,

 

Replies (1)
Originally posted by : neha
Hi, 

Pls can anyone share whether a CA certfiicate is also required while filing form FCGPR for issue of CCDS to foreign investors. 

Share the format if possible. 

Thanks & regards,

 

Hi Neha,

Within 30 days of issue of shares a return in FC GPR - Part 'A' needs to be submitted with RBI through authorized banking channel with following documents:

 

1) Return in PART A of Fc-GPR Form

2) Certificate from practising CS regarding compliance of Notification No. FEMA 20/2000-RB dated 3rd May 2000

3) Share valuation certificate (Certificate from Statutory Auditors/ SEBI registered Merchant Banker / Chartered Accountant indicating the manner of arriving at the price of the shares issued to the persons resident outside India.)

 

Hope this answer will serve your purpose.

 

Thanks & Regards,

 

CS Ratti Wahal

 


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