Rbi intimation

This query is : Resolved

Vishanth Rai (Querist)
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10 November 2011 Sir
If A NRI invest in indian company throught his NRE A/C to indian company account.With in how many days it should be intimated to RBI for the purpose of share application.
And another if he give money for company use not for share application through his NRE account it neccessary to Intiamate RBI regarding that..
Kindly guide me

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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10 November 2011 30 days for intimation of receipt of money and 180 days for intimation of allotment of shares.

Moaney can't be given as loan from NRE account ,it has to be share application only.

Anuj
+91-9810106211
femaquery@gmail.com

Vishanth Rai

Vishanth Rai (Querist)
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10 November 2011 thanks Anuj sir but sir every transaction done by NRE A/c to Indian Company Bank A/c it should be intimated to RBI

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