Marco F (Account) 05 October 2011
Is it possible to make a capital increase and fill it in the ROC with 2 or 3 payment from a Foreign Shareholder?
These payment have all the FIRC. Isn't necessary to make a capital increase for every payment and FIRC? Is it possible to collect all the payment and FIRC and make only one procedures of capital increase?
Thank you for the answer.
A V Vishal (Advocate) 05 October 2011
Practically for each remittance received it isn't wise to fill for increase of share capital rather it will be prudent to increase the Authorised capital once and make allotments as and when the remittances are received but be informed that there are compliances to be done with the RBI for allotment of shares.
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