We have recieved the amout from foreign collaborators for share capital. I just wanna know whether we have to inform RBI in this regard. what will be the procedure in this case.
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Share Capital
Replies (4)
hi
yes, you have to inform the RBI within 30 days of the receipt of the money as well as within 30 days of allotment of shares.
yes hardik is correct
Rabnoor sir,
You are required to obtain FIRC from the bank in which you recd the subscripttion ,once you will recd ,you need to submit it with RBI trough authorised bank means through same bank from which you collected FIRC it is required to be submitted within 7 days of receipt of FIRC and once you do the allotment you are required to submit form FCGPR within 30days through same authorised dealer.
Yes, after collection of FIRC/Form A3 you need to file it with RBI through A.D. Bank with in 7 days...
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