Hi All
An Acquirer has made a public announcement of an open offer to acquire the shares of the target company, and the acquirer intends to delist the company post-takeover.
Whether the acquirer has to mandatorily disclose the intention of delisting the securities in the public announcement?
post takeover securities delist intention disclosure
Hi Members!
What is the procedure to Convert an OPC to a Private Company?
What Forms will be required to be filed and what are the due dates for filing such forms?
Please share!
company private conversion
Hi All
Whether the provisions related to the Disqualification of Directors as provided in the Companies Act, 2013 applicable to the Designated Partners of the LLP?
If yes, then how the same shall be applied to the Partners?
partners desig disqualification
Hi Members!
Is there any declaration required in case a merger or amalgamation is taking place between an Indian company and a company or body corporate has been incorporated in a country that shares a land border with India?
border india land sharing amalgamating companies declaration
Hi All
What is the due date to intimate the ROC for change in the situation of the registered office of the company?
In case the subscriber to the memorandum is a foreign national
residing outside India, his signatures and address, etc. shall be
witnessed by a Notary Public/Embassy/Consulate offices of
Embassies as per the Rule 13 of the Companies (Incorporation)
Rules, 2014.
In such cases, how can the DSC of such a witness be affixed?
incorporating company while nationals foreign attestation
Hi All,
What are the consequences of the Non-Filing of Form MSME-1 with the RoC?
Could you also please help me out with what details are mandatorily required to be filled in?
msme form filing consequences
A UK Ltd (Registered in the UK) was holding 25% holding in B Ltd (registered in India).
Now ownership of A UK Ltd was transferred to C UK Ltd.
Therefore there is an indirect change of beneficiary ownership of B Ltd ( registered in India)
Is there any FEMA filing requirement in RBI by B Ltd or A UK Ltd?
change beneficiary ownership indirect case filing requirements fema 
Not, business user ID cannot be created for reporting FC-GPR (Foreign Currency-Gross Provisional Return) without the issuance of FIRC (Foreign Inward Remittance Certificate) and KYC (Know Your Customer) documents by the bank.
The FIRC and KYC documents are essential for verifying and documenting the foreign inward remittance into the Indian company's bank account.
The Reserve Bank of India (RBI) requires the submission of FIRC and KYC documents as part of the FC-GPR reporting process. These documents serve as evidence of compliance with foreign exchange regulations and provide necessary details of the inward remittance, such as the remitter's name, amount, purpose, and date of remittance.
The FIRC issued by the bank confirms the receipt of foreign currency in compliance with the applicable regulations. It is a crucial document for demonstrating the legitimate source of funds and is essential for accurate reporting.
The KYC documents, on the other hand, are necessary for identifying and verifying the foreign investor(s) who are subscribing to shares or convertible instruments of the Indian company. KYC documents typically include passport copies, proof of address, and other identification documents as required by the RBI and authorized banks.
Without the FIRC and KYC documents, the bank would not have the necessary information to create a business user ID for FC-GPR reporting. Therefore, it is essential to obtain the FIRC and complete the KYC process through the bank before proceeding with the FC-GPR reporting.