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Fdi policy
A pvt ltd company received foreign investment in 6 tranches during the period of January to December 2016. They allotted the shares and started using the money. However, they did not know that they had to file any FDI related filings.
kindly suggest on same
Replies (2)
You have to File FC -GPR take the help of a company secretary
Foreign inward remittance (FIRC) has to be reported to RBI through Authorised Dealer Bank within 30 days of receipt in form ARF & the investee company needs to obtain UIN from RBI.
Further form FC-GPR has to be filed within 30 days of allotment of shares.
Further the company has to allot shares within 180 days of inward remittance, which i guess has been complied in your case.
You need to take steps on priority, as RBI is involved.
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