FDI

Your procedure and understanding is quite fine as usual.

Find enclosed a file containing reporting of FDI provisions.

Thanks

Dear Neeta Ji,

FIRC and KYC is provided by the Bank, so companies are not required to dealt with KYC report. It is the matter of Authorised Dealer Category I Bank.

IN case of Stage I, a report is to be given to RBI within 30 days of the receipt of funds in Form FC-GPR

Stage II, a report is required to be given to RBI within 30 days of allotment of shares in form FC-GPR

Both form FC-GPR is required to be given to RBI through Authorised Dealer Category I Bank along with copies of FIRC and KYC (provided by bank).