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FC-GPR for rights issue

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Querist : Anonymous

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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
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
10 January 2011 Yes. As and when shares are alloted to NRI you have to file FCGPR including rights issue.
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udit sharma

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

Regards

CS Udit Sharma
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