Note - New FCGPR form (only for old part B) is announced in July 2011 by circular 45 of RBI which is attached below here. Part A remains the same, only annual return substitutes part B 

Services under Fema /foreign exchange laws in India 
1. consultation & advisory 
2. fdi and fcgpr (automatic route and permission route)
3. audit of forex dealers authorised by RBI 
4.other incidental matters.


posted 30 Oct 2012, 12:18 by CA Kunjan Shah

new amendment of around oct 2012 by rbi states that shares can be issued at face value for new companies by non-resident subscribers (including nris)

more clarity is awaited.

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