allotment of shares to NRI

Dear Jyoti

Please refer RBI master circular on foreign investment in India and other circulars issued in this respect on RBI website.

CS Swati 

Which is resulting in Global Warming and abrupt changes in climatic patterns all over the world. Scientists, environmentalists, entrepreneurs and industrialists are all evaluating various methods to reduce the effects of industrial activity on global environment.
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polycorbonate sheets

CS.JYOTHI

FOR ISSUING SHARES TO NRI THE PROCEDURE IS :

INFORM RBI WITH IN 30DAYS FROM THE DATE OF RECEIPT OF FDI INTO  THE COMPANY. THE PURPOSE FOR WHICH THE AMOUNT WAS RECEIVED BY COMPANY . PLZ NOTE THAT THE AMOUNT SHOULD BE CREDITED IN THE COMPANY ACCOUTN IN OTHER THAN INDIAN MONEY ONLY.

RECEIVE FIRC FROM THE BANKER [AUTHORISED DEALER].PLZ CHECK THE FIRC MENTIONING THAT THE AMOUNT RECEIVED FOR EQUITY PARTICIPATION.

ALLOT SHARES TO NRI .

INFORM RBI WITHIN 30DAYS FROM THE DATE OF ALLOTMENT OF SHARES BY SUBMITTING THE FOLLOWING TO RBI THRO THE AUTHORISED DEALER.

FC-GPR[AVAILABLE IN RBI SITE]

AUDITOR CERTIFICATE[FORMAT AVAILABLE IN RBI SITE]

COMPANY SECRETARY CERTIFICATE [FORMAT AVAILABLE IN FEMA] IF NEED I WILLSEND.

ON APPROVAL RBI WILL SEND LETTER GIVING UNIQUE NUMBER WHICH YOU WILL HAVE TO MENTION IN THE SHARE CERTIFICATE BEFORE EXPORTING THE SHARE CERTIFICATE.

THANKS & REGARDS

INBAA

PLZ ALSO SUBMIT THE COPY OF FIRC ALONGWITH FC-GPR.