FEMA

Querist : Anonymous (Querist) 11 May 2010 This query is : Open
Form FC GPR is to be filed by corporates having foreign equity of 10% or more in the paid up capital.Foreign equity subscription was received in the year 2006-07
Queries :
1)From which year this is applicable
2)Limit of 10% is applicable for total foreign equity or individual holding of 10%
i.e. if a company has two NRI shareholders each less than 10% holding. But total holding og both exceeds 10%. Will such company be required to file form FC GPR?

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