Hi,
Is company required to file FC GPR in case of first allotment of shares when the foreign investor is subscriber to MOA and the funds are recieved at the incorporation of the company.
2 Replies
CA.Tarun Maheshwari
(CA, DISA)
(7150 Points)
Replied 11 December 2009
As per my knowledge, it must be filed, because in the form itself, it ask whether its an existing company or new company. It means, new companies are also required to file the FC GPR form.
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 13 December 2009
The form FC-GPR has to be filed even in case of first allotment.
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