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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Indian Companies Must Submit New 'Annual Return on Foreign Liabilities and Assets' by July 15 for FDI Reporting.</h1> The circular announces the introduction of an 'Annual Return on Foreign Liabilities and Assets' for Indian companies, replacing Part B of Form FC-GPR. This change aims to enhance the comprehensiveness of Foreign Direct Investment (FDI) statistics and align with international standards. Indian companies receiving or making FDI must submit this return by July 15 annually to the Reserve Bank of India's Balance of Payment Statistics Division. The circular highlights that amendments to relevant Foreign Exchange Management regulations will follow and instructs authorized banks to inform their clients of these changes. The directions are effective immediately.
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