Share allotment procudure, Corporate Laws / SEBI / LLP

[Velayutham Panchatcharam]

Dear Experts,

I am working in Pvt company in India and my parent company is in Hongkong. Now my parent company is remitting share capital to India. My query is

1. What is the procedure to use this share capital?

2. when I can use this share capital

3. If I want to use immediately, what should I do?

Need your advise urgently by step by step.

Regards

Panch

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Since the remittance is from foreign country you have to follow the procedure prescribed by Reserve Bank of India.