FLA return requirement: entities with only share application money and no outstanding foreign investment need not file. Under the Annual Return on Foreign Liabilities and Assets (FLA) regime of FEMA, an entity whose only overseas-related receipt is share application money ... Summary
FLA return requirement: entities with only share application money and no outstanding foreign investment need not file.
Under the Annual Return on Foreign Liabilities and Assets (FLA) regime of FEMA, an entity whose only overseas-related receipt is share application money and which does not have any foreign direct investment or overseas direct investment outstanding as on the end of the relevant financial year is not obliged to submit the FLA return.
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