Issue of shares to foreign investors
This query is : Resolved
08 May 2015
Dear sir,
please guide me on the following issue.
My client is a private limited company got a proposal from a foreign company that they will invest in my client's company as seed investor by participating in equity shares. Guide me as to whether the issue will be u/s 62(1)(a)(iii) or 62(1)(c).And also guide me about the secretarial procedures to be followed.
please guide me on the following issue.
My client is a private limited company got a proposal from a foreign company that they will invest in my client's company as seed investor by participating in equity shares. Guide me as to whether the issue will be u/s 62(1)(a)(iii) or 62(1)(c).And also guide me about the secretarial procedures to be followed.
09 May 2015
It will come under 62(1)(c) because they are not existing shareholders. You also need to comply with Section 42 of Companies Act 2013.
Alongwith Companies Act, you are also required to comply the FDI Rules (this is very much important)
Alongwith Companies Act, you are also required to comply the FDI Rules (this is very much important)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
Trending Online Classes
CAclubindia
