Foreign Direct Investment reporting: use NIC 2008 codes in FC GPR and FCTRS and include updated state/district codes. Indian companies must classify activities using the National Industrial Classification 2008 and record NIC 2008 codes in Form FC-GPR for issues of shares and related instruments and in Form FCTRS for transfers; a uniform State and District code list for inclusion in Form FC-GPR is available on the Reserve Bank website, and Authorised Dealer Category I banks should inform their constituents.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign Direct Investment reporting: use NIC 2008 codes in FC GPR and FCTRS and include updated state/district codes.
Indian companies must classify activities using the National Industrial Classification 2008 and record NIC 2008 codes in Form FC-GPR for issues of shares and related instruments and in Form FCTRS for transfers; a uniform State and District code list for inclusion in Form FC-GPR is available on the Reserve Bank website, and Authorised Dealer Category I banks should inform their constituents.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
