CA Surya Mallampally (CA Basaveswaranagar ) (35 Points)
16 June 2009Hi
we are a pvt ltd company who received share application money from nri abroad. we han't alloted the shares before 180days what would be the procedure to be followed.
Muralidharan
(Self Employed)
(1034 Points)
Replied 16 June 2009
| Originally posted by :Surya Mallampally | ||
| " | Hi we are a pvt ltd company who received share application money from nri abroad. we han't alloted the shares before 180days what would be the procedure to be followed. |
" |
send back the money and ask them to remit the same once again.
Or
Complete the allotment now, file FC-GPR with RBI. Inform RBI through letter the genuine reasons for not alloting the shares within 180 days. They may accept the same and condone the delay.
with regards
Muralidharan
CAclubindia
