FLA return requirement continues for entities with outstanding FDI or ODI despite no fresh investments. Where an entity has no fresh inbound foreign investment or new overseas direct investment in the latest year but continues to show outstanding FDI or ODI on its balance sheet, it remains subject to the annual reporting obligation to file the FLA return each year by the prescribed due date while any such outstanding FDI or ODI continues to be reflected in its financial statements.
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 continues for entities with outstanding FDI or ODI despite no fresh investments.
Where an entity has no fresh inbound foreign investment or new overseas direct investment in the latest year but continues to show outstanding FDI or ODI on its balance sheet, it remains subject to the annual reporting obligation to file the FLA return each year by the prescribed due date while any such outstanding FDI or ODI continues to be reflected in its financial statements.
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