FC-GPR for rights issue

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 January 2011 Company A, is an unlisted public co., proposes to issue right shares to existing shareholders in the same ratio. 49% os shares are held by NRI. At time of original allotment we filed form FCGPR.

The query is should we have to file form FCGPR even for rights issue with RBI. PL CLARIFY

10 January 2011 Yes. As and when shares are alloted to NRI you have to file FCGPR including rights issue.

10 January 2011 Agreed - Part A of FC-GPR to be filed within 30 days from the date of allotment!

Regards

CS Udit Sharma




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries