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FC GPR part A

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Friends

An indian company allotted equity shares to person resident out of india. But it failed to submit FC GPR part A to RBI (or throigh AD bank) within 30 days. The allotment was made before 1 year. What to do ?

please share your valuable thoughts

Replies (11)

File FCGPR seeking condonation of delay, contact authorised dealer they will help you to carry out process...

 

Regards

Jaideep Pandya

File FCGPR with AD , then you shall get a notice from RBI for compounding of the issue. Then you need to explain RBI Mumbai the reasons and problems due to which the FCGPR was not filed in time. If RBI,Mumbai considers your plea appropriate then it may compound the offence .

 

RBI has power to impose penalty upto 3 times of the value of shares allotted.

 

Anuj

0-9810106211

This need immediate addressal to Your AD about FCGPR alongwith reasons of delay in filing the same. RBI regional office shall issue you a notice where detailed explanation with reasons need to be tendered . This should be done immediiately.

Friends

Can you briefly explore some of the reasons which can be submitted to RBI for condonation of delay.

Regards,

Friends

Any thoughts....

Regards

May i ask Mr. Rajnikant Vadigoppula and Mr. Future CA to share his valued thoughts please.

The reasons can be attritubuted to the facts in case. That needs studying the facts of the case.

Dear All,

 

What if there are 2 Authorised Dealers?

Whom to submit FCGPR?

I am really confused... please help its damn urgent....

The application can be filed with any AD.

 

Anuj

femaquery @ gmail.com

Thank you Sir for your reply..

But bank is not accepting the FCGPR because of two AD..

Kindly take the refusal from AD on record and then you are free to approach RBI for their intervention in the matter.

 

Anuj

femaquery @ gmail.com


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