Document Fragment View

Matching Fragments

a) Name and address of the investor
b) Mode of receipt of share capital and share premium by the assessee company from the Mauritian investor.
c) Copy of form No. 2 filed by the assessee company with ROC for allotment of aforesaid equity share capital to Mauritius Investor.
d) Copy of share certificate issued to the investor.
e) Copy of FIRC issued by the remitting bank i.e. Hong Kong and S h an g h a i B an k in g C o r p o r ati o n L td . i . e .

H S B C M u mb ai .

First of all a Certificate of Foreign Inward Remittance (FIRC) is issued by the remitting bank which in our case is Hongkong and Shanghai Banking Corporation Limited (HSBC), Mumbai. A copy of this certificate is enclosed as per Annexure A. A perusal of this certificate shows that it has full details about the r e m i t t e r a n d th e r e c i p i e n t wh i c h i n c l u d e s : -
(a)Name of the both party
(b)Their address
(c)Amount remitted
(d)Bank account details of both the parties
(e) Purpose for which this money has been remitted Subsequent to the receipt of this certificate the recipient i.e Colors T e x t i l e s L i m i te d ( a s s e s s e e c o mp a n y ) h a d a s t a t u to r y o b l i g a t i o n to f i l e full details of the remittance to Reserve Bank of India in duly prescribed annexure V & VI along with the copy of FIRC This form also has all the details of investor. A copy of the letter along with all the annexures and supports, filed with Reserve Bank of India is placed on record as per Annexure B. On receipt of this letter Reserve Bank of India gives a certificate and a s s i g n s a D IN ( U n i q ue I d e n t if i c a t i o n N u m b e r ) to a p a r t i c u l a r i n v e s to r . The copy of the certificate is enclosed as Annexure C. This completes the process of Regulatory requirements of a particular investment. After going A.Y.2013-14 through all the evidence, details and above submissions we hope that the process of the Foreign Direct Investment stands duly explained and established, All the above documents in original referred to in the process of Foreign Direct investment are being produced herewith for your verification. 
     •    Name and address of the investor

     •    Mode of receipt of share capital and share premium

by the assessee company from the Mauritian investor. Copy of form No. 2 filed by the assessee company with ROC for allotment of aforesaid equity share capital to Mauritius Investor.

• Copy of share certificate issued to the investor.

A.Y.2013-14 • Copy of FIRC issued by the remitting bank i.e. Hong Kong and S h a n g ha i B a n k i n g C or po r a t i o n L t d. i . e . H S B C M u m ba i .