Practicing CS
82 Points
Posted on 19 May 2017
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.