On validating section III of the FLA Return we are getting the error message regarding mismatch of non-resident equity and participating preference share holding (%) between Section III and Section II. How should we resolve the error?
Annual Return on FLA - Information Reporting (FLAIR) – Online Web Based Reporting System - As on July 21, 2021
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Non-resident equity holding reconciliation required; Section III entries must sum to the Section II reported total. The percentage of non-resident equity for the current year in item 2.3 of Section II must equal the sum of non-resident equity percentages reported under ... Summary
Non-resident equity holding reconciliation required; Section III entries must sum to the Section II reported total.
The percentage of non-resident equity for the current year in item 2.3 of Section II must equal the sum of non-resident equity percentages reported under the three relevant entries in Section III (FDI entry, DI entry, and participating/preference shares) for the current year; correct Section III sub items so their aggregate matches the Section II item 2.3 value to resolve the validation error.
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