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.
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.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
