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If a company wish to allot shares by private placement to NRI/PIO then what requirement are to be complied with.Do we need to file any for with RBI also even when the money is received from their NRO account.

Private placement

Posted By: Anita 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Sandeep Gandhi

Form FC-GPR require to be filed within 30 days of allotment of shares.

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Expert    Ankit Singhi

Before issuing any shares to NRI/PIO Company need to file form FC-GPR with RBI and comply with the provisions given in Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000 and section 42 of the Companies Act, 2013.

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