FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000 (From Regulation 1 to Regulation SCHEDULE 11)
Foreign investment reporting: companies must file FC GPR with RBI when issuing rights, bonus shares or warrants. Companies issuing right shares, bonus shares or warrants to persons resident outside India must report the issuance to the Reserve Bank of India in Form FC GPR as prescribed in Paragraph 9(1)(B) of Schedule I to the FEMA (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000; the rule has been amended by notifications and is noted as superseded by the 2017 Regulations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign investment reporting: companies must file FC GPR with RBI when issuing rights, bonus shares or warrants.
Companies issuing right shares, bonus shares or warrants to persons resident outside India must report the issuance to the Reserve Bank of India in Form FC GPR as prescribed in Paragraph 9(1)(B) of Schedule I to the FEMA (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000; the rule has been amended by notifications and is noted as superseded by the 2017 Regulations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.