FIRC issuance in case the amount/FDI is received via NRE account

[siddharth mittal]

Dear Members,

Pls guide on the following-

A company received money for share allotments via Individual's NRE account and that individual lives in Dubai, I need to know whether FIRC is issued in this case or other instruments is issued by Bank for filling FC-GPR?

Pls help.

[Venkat Ragavan]

Yes, FIRC will be issued by bank for further process.

Warm Regards,

V.Venkata Ragavan

Company Secretary

--
--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
---
You received this message because you are subscribed to the Google Groups "CSMysore" group.
To unsubscribe from this group and stop receiving emails from it, send an email to csmysore+u...@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.

[siddharth mittal]

Dear Venket ji,

Thanks for your reply, but some one told me that we will not get FIRC in case of NRE account payment, FIRC will be issued in case of payment received from outside of india, whereas NRE Account is in India.

Pls suggest.

Regards,

Siddharth Mittal,

M Siddharth & Associates

(Company Secretaries)

-------------------------------------------------------------------------------------------------

This message and any attachment are confidential and may be privileged or otherwise protected from disclosure. If you are not the intended recipient, please telephone or email the sender and delete this message and any attachment from your system and permanently destroy any copies or printouts thereof.  If you are not the intended recipient you must not copy this message or attachment or disclose the contents to any other person. Although this email and its attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and M Siddharth & Associates does not accept any responsibility for any loss or damage arising in any manner whatsoever from its use.