Hi,
I have certain basic queries in the RBI Annual Return on FLA. Someone may please see the following and reply, if possible:
Foreign Company is holding 50% Paid up Capital in ABC Private Limited.
Query
Whether the Indian Company can now file RBI Annual Return on FLA (I am aware, the due date is already expired) for FYE 31.03.13.
Ans: ………………..
In the Field No.9 of AR, what should be opted for Reporting Company. Whether 'Others' is appropriate or 'Foreign Subsidiary' is appropriate.
Note: The Capital is only 50:50.
Ans: ………………..
Is there any requirement for the Reporting Company to report in the AR, the Receipt of Consultancy Fees from the Foreign Company and the Unsecured Loan received from the NRI Director?
Ans: ………………..
Thanks in Advance for the replies.
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