As per RBI circular dated June 07, 2018 read with user manual for entity master – FIRMS dated June 27, 2018 entities were required to input details regarding their existing foreign investment on or before till July 20, 2018. In case where companies where not having foreign investment as on that date, there was no requirement of inputting data in entity master. Accordingly, the Company shall intimate RBI providing information that it didn’t have foreign investment at that time and has received the same only in February, 2021.
I request for your kind clarification and oblige.
I am trying to create entity master for one of my clients but the same was rejected by RBI with the remarks:
Remarks – Reason for not making registration within stipulated time period is not given.Refer to User Manual.Please register again
Client is a private limited company and has received foreign funds in Feb 2021 but no allotment has been made so far.
Can u please tell how and what response to file with RBI against the Remarks of not making registration in Entity User within stipulated time.
Dear Sir,
As per RBI circular dated June 07, 2018 read with user manual for entity master – FIRMS dated June 27, 2018 entities were required to input details regarding their existing foreign investment on or before till July 20, 2018. In case where companies where not having foreign investment as on that date, there was no requirement of inputting data in entity master. Accordingly, the Company shall intimate RBI providing information that it didn’t have foreign investment at that time and has received the same only in February, 2021.
Furthermore, company may email their concerns over email: helpfirms@rbi.org.in
RBI circular dated June 07, 2018: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11297&Mode=0
User Manual for Entity Masters-FIRMS: https://m.rbi.org.in/Scripts/femaview.aspx?femaid=64
I request for your kind clarification and oblige.
I am trying to create entity master for one of my clients but the same was rejected by RBI with the remarks:
Remarks – Reason for not making registration within stipulated time period is not given.Refer to User Manual.Please register again
Client is a private limited company and has received foreign funds in Feb 2021 but no allotment has been made so far.
Can u please tell how and what response to file with RBI against the Remarks of not making registration in Entity User within stipulated time.