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Allotment of share to nri

This query is : Resolved 
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(Querist)
11 October 2014 I have a company where there are two NRI directors and have to allot the 500 share each so can you please tell me whether I have to comply with FEMA and inform RBI
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
11 October 2014 you need to intimate the receipt of funds to RBI within 30 days of receipt. and upon allotment file FC-GPR with RBI

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