FDI reporting procedures: revised forms require timely reporting of consideration receipt with KYC and UIN allocation. Revised FDI reporting procedures require Indian companies to report receipt of consideration for issue of shares/convertible debentures in Annex II with FIRCs and a KYC report on the non resident investor (Annex III) through an AD Category I bank; the Regional Office will acknowledge and allot a Unique Identification Number. The issue of shares/convertible debentures must be reported in the revised FC GPR with the UIN indicated, and AD Category I banks must ensure correct UIN inclusion when forwarding the form.
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Provisions expressly mentioned in the judgment/order text.
FDI reporting procedures: revised forms require timely reporting of consideration receipt with KYC and UIN allocation.
Revised FDI reporting procedures require Indian companies to report receipt of consideration for issue of shares/convertible debentures in Annex II with FIRCs and a KYC report on the non resident investor (Annex III) through an AD Category I bank; the Regional Office will acknowledge and allot a Unique Identification Number. The issue of shares/convertible debentures must be reported in the revised FC GPR with the UIN indicated, and AD Category I banks must ensure correct UIN inclusion when forwarding the form.
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