FLA return obligation waived when only share application money received and no outstanding foreign investment at year end. Companies that have received only share application money need not file the FLA Return if, at the end of March of the reporting year, there is no outstanding foreign direct investment or overseas direct investment, according to the Annual Return on FLA guidance under FEMA.
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 obligation waived when only share application money received and no outstanding foreign investment at year end.
Companies that have received only share application money need not file the FLA Return if, at the end of March of the reporting year, there is no outstanding foreign direct investment or overseas direct investment, according to the Annual Return on FLA guidance under FEMA.
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