We have registered a Private Limited Company in which both the directors are foreigners and the shareholding is 60-40 between them.The total share application money of Rs. 1,00,000/- is sent by one director( which includes 60,000 of his and rest 40,000 for the other director) from his bank account to the newly formed company bank account in India.On allotting shares what additional documents are required to prove that 40% amount is on behalf of the other director.
Do we require any additional document to be filed along with FC GPR form to be submitted to RBI for this as FIRC will show the name and address of only one investor ?
