Q. What if the Capital Instruments are not issued within the stipulated time period?
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Ans. If the capital instruments are not issued by the Indian company within sixty days from the date
of receipt of the consideration, the amount so received has to be refunded to the person concerned
by outward remittance, through banking channels or by credit to his NRE/ FCNR (B) accounts, as the
case may be, within fifteen days from the date of completion of sixty days.