Hi friends
Ive just joined a Co in which Fc-GPR has been filed for allottment of shares to NRI. Now a letter is received by us for submission of further documents. Can anyone tell me from where can i find that the advance received in foreign currency against the equity issued is on repatriable basis or on non-repatriable basis.
please help.
Thanks
Mani
The applicant would have mentioned it.
Dear Mani,
Investment by NRI is generally on non-repatriable basis under FDI poilcy.
Please check your comapny details if there is any approval from the RBI or FIPB.
Regards,
Dear Mani,
T R SOOD & CO
New Delhi
CA Inter
View Details
Karia Overseas
Ahmedabad
CA
View Details
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
CAclubindia
