undertaking letter format for FCTRS
suman nani
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Thanks & Regards
Deepak Arya
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Rajesh Gupta
fyi..
UNDERTAKING
In connection with the acquisition of ........................ (................................only) Equity Shares of face value of Rs. 10/- each at aggregating a price of Rs. ........../- (Rupees .......................only) of M/s. ...................................... (a company incorporated in the State of ............................) held by Mr./Ms. ..................., resident of ........................
I Mr. ............................, authorized representative of M/s. ............................................... hereby undertake and confirm that -
Ø The company is eligible to acquire the aforementioned equity shares under the Foreign Direct Investment (FDI) Policy of Government of India issued under Foreign Exchange and Management Act, 1999 read with rules and regulation made there under; and
Ø It has been complied with the existing sectoral Limits and Pricing Guidelines in connection with the acquisition of aforementioned equity shares.
Place:
Date: (....................)
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