Hello Experts,

We have a US client, having its wholly owned subisidary. The parent company remitted an amount of Rs. 1lacs for share capital. From this amount the bank deducted Rs. 1654 towards their charges.

My question here is what amount should be mentioned while intimating RBI.

How can I allot shares of Rs. 1lacs since the money in hand is only 98,346.00

Please help.

Thanks,

JJ