05 December 2011
Dear Sir, An Indian Company Receiving a Inward Remittance from NRI for Investing in a Shares of a Company. Amount received from F.Y. 2010-11 to F.Y. 2011-12. Query: 1. The Company has not intimated to RBI within 30 days of receipt. 2. But Alloted Shares? Please Guide on these issue whether now it can report all the remittance in a form FCGR? Any other Procedure should follow on this regard?
CAclubindia
