Right Issue - Amount Pending

    Posted By : damini / Published on : 27-Feb-2020 01:06 PM / View : 110 / Comment : 0
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    Dear Members

    We are doing a Right Issue in One Company. Amount of allotment is Rs. 10.44 Lakhs to a Foreign Company who is also the existing shareholder. Out of 10.44 Lakhs 9.50 Lakhs have been received two month back and balance amount of Rs. 0.94 Lakhs is pending

    Now my question is can we receive the small amount in future after the allotment. Let us assume allotment dated is today i.e. 27/02/2020 and balance amount is received by 07th March, 2020.

    Will it create any issue at the time of filing of FCGPR.

    Is there any non compliance/violation of any provisions of Companies Act or FEMA.
    Read more on : pending amount issue right



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