Step down subsidiary abroad

Jayanta Bandyopadhyay (280 Points)

27 September 2024  

We, unlisted Public ltd co is having wholly owned subsidiary in Mauritis,  who in turn had 2 WOS in Dubai, now being closed and opening 2 new WOS at Mauritius and assets/ liabilities be transferred.  All cos are owned by one Indian family.

Step down subsidiaries in Mauritis will issue shares to new cos, being built up with Dubai shut down cos. 

 

Our owned wos in Mauritius remain as it is.

We submit only APR.

 

Do we require to file FLR, FC-GPR,FCTRS?

 

PLEASE GUIDE.