Filing of fla by pvt. co.
This query is : Resolved
11 July 2016
Company who have issued shares to Non Resident on Non Repatriable basis need not file FLA. This is an extract from FLA Faq available on RBI website.
Kindly elaborate the meaning.
This exemption is available only for Non Resident?? How to compute whether a body Corporate is Resident or Not..
Company who have issued shares to Non Resident on Non Repatriable basis need not file FLA. This is an extract from FLA Faq available on RBI website.
Kindly elaborate the meaning.
This exemption is available only for Non Resident?? How to compute whether a body Corporate is Resident or Not..
11 July 2016
Shares under non-reptration basis can only be issued to Non Resident Indians (NRI) by because money can be brought into India on none repatriation basis only through NRO account which can be opened by NRI.
FDI from any person/entity other than NRI shall always be on repatriation basis. That FAQ point is bit misleading I guess.
FDI from any person/entity other than NRI shall always be on repatriation basis. That FAQ point is bit misleading I guess.
Message likes :
1 times
12 July 2016
Thankyou Pratik... you have very well clarified my doubt...
12 July 2016
please also clarify whether shares issued as Bonus Shares will be counted in liablity of Investor in FLA form.
12 July 2016
Yes. That will be filled up in FLA.
14 July 2016
We have done some sales to foreign Co. , Now the payment is bad debt..will it needs to fill anywhere in FLA.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
