to make preferential_issue_of_shares_other_than_ou

To make preferential issue of shares other than out of public issue to Non Resident Indians

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To check whether the proposed investment is within the sectoral caps provided for Foreign Direct Investment. If the proposed investment exceeds the sectoral caps, make an application to FIPB before the passing of the shareholders’ resolution in the AGM /EGM.

Issue of Shares Issue of Shares


To obtain a certificate from either the Statutory Auditor or a Chartered Accountant

It’s regarding the conformity of the pricing of the shares to be offered on a preferential basis with the RBI Guidelines. The pricing for an issue of shares on preferential basis shall be in accordance with the SEBI Regulations for a listed company and the fair valuation of shares done by a SEBI registered Merchant Banker or a Chartered Accountant as per any internationally accepted pricing methodology on the basis of length and the recognized stock exchange doesn’t have the shares of the listed company. To file a Form FC-GPR with the Forex Department of the Regional Office of the Reserve Bank of India within 30 days of the receipt of application money.



Capital Instruments Capital Instruments

The capital instruments should be issued within 180 days from the date of receipt of the inward remittance received through normal banking channels. If suppose, it doesn’t issue the capital instruments within 180 days from the date of receipt or date of debit to the NRE/FCNR (B)account the amount of consideration so received should be refunded immediately to the non-resident investor through banking channels.


Capital Instruments Capital Instruments

To complete the allotment of securities to the Non Resident Indians within a period of 180 days from the date of allotment of securities. However if your company is listed to ensure that allotment pursuant to the special resolution shall be completed within a period of 15 days from the date of passing of such resolution or any approval or permission by any regulatory authority or the Central Government for allotment is pending, the period of 15 days shall be counted from the date of order on such application or the date of approval or permission.


to make preferential_issue_of_shares_other_than_ou

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