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          If non-resident shareholders of a company have transferred their shares to the residents during the reporting period, then whether that company is required to submit the FLA Return?

          Annual Return on FLA - Registration guidelines - General Instructions and Definitions - As on July 21, 2021

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          Foreign investment reporting: companies whose non-resident shareholders fully transferred shares to residents need not file FLA return. If all non-resident shareholders have transferred their shares to residents during the reporting period and the company does not have any outstanding investment in respect of inward and/or outward FDI as on end March of the reporting year, then the company need not 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.

                                  Foreign investment reporting: companies whose non-resident shareholders fully transferred shares to residents need not file FLA return.

                                  If all non-resident shareholders have transferred their shares to residents during the reporting period and the company does not have any outstanding investment in respect of inward and/or outward FDI as on end March of the reporting year, then the company need not submit the FLA return.





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