Non-repatriable share issue not treated as foreign investment, so company need not file annual FLA return. Shares issued by a company to a non-resident on a non-repatriable basis are not treated as foreign investment; consequently, the issuing company is not ... Summary
Non-repatriable share issue not treated as foreign investment, so company need not file annual FLA return.
Shares issued by a company to a non-resident on a non-repatriable basis are not treated as foreign investment; consequently, the issuing company is not required to submit the Annual Return on Foreign Liabilities and Assets (FLA Return) in respect of those shares.
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