If company had issued the shares to non-resident on non-repatriable basis, whether that company is required to submit the FLA Return?

If company had issued the shares to non-resident on non-repatriable basis, whether that company is required to submit the FLA Return? https://www.taxtmi.com/manuals?id=6109 Shares issued by a company to a non-resident on a non-repatriable basis are not treated as foreign investment; consequently, the issuing company is not required to submit the Annual Return on Foreign Liabilities and Assets (FLA Return) in respect of those shares. en-us Fri, 29 Nov 2024 13:15:00 +0530 Fri, 29 Nov 2024 13:24:00 +0530 TaxTMI RSS Generator If company had issued the shares to non-resident on non-repatriable basis, whether that company is required to submit the FLA Return? https://www.taxtmi.com/manuals?id=6109 Shares issued by a company to a non-resident on a non-repatriable basis are not treated as foreign investment; consequently, the issuing company is not required to submit the Annual Return on Foreign Liabilities and Assets (FLA Return) in respect of those shares. Manuals FEMA Fri, 29 Nov 2024 13:15:00 +0530 https://www.taxtmi.com/manuals?id=6109