Fema

This query is : Open

deepa (Querist)
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13 January 2012 Hi friends,

can anyone please tell me what is the FEMA procedure, when shares are allotted to an American national for consideration other than cash.

Please suggest friends...

Vishal D Shah

Vishal D Shah (Expert)
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16 January 2012 Refer master circular for foreign investment in India. You should be able to work out. In case of issue cavishalshah@gmail.com

deepa

deepa (Querist)
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16 January 2012 thanks sir, I saw but I could not get the exact steps.
The shares are allotted to a usa nation for this knowledge. there is no money coming in. In my random understanding FEMA is applicable, but what form it need to file....no idea. please suggest.

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Vishal D Shah

Vishal D Shah (Expert)
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16 January 2012 Conversion of ECB / Lumpsum Fee / Royalty / Import of capital goods y SEZs in to Equity/ Import payables / Pre incorporation expenses

Above are permissible allotment types for non cash consideration.

Form FC GPR is common form for all fresh allotments which needs to be filed in 30 days of allotment

deepa

deepa (Querist)
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16 January 2012 thank you Vishal.