company secretary
41 Points
Joined June 2008
Dear Sandhya,
A company required tto intimate to RBi within 7 days of receipt of funds whether it allots shares or not.
FCGPR are required to be filed within 30 days of allotment of shares.
FCGPR is filed only after allotment. If compaqny does not allot shares within 6 months of receipt of money the it has to send the money back.
Regards
Ankit Sinha