The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India “to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly...
Read MoreAnnual Return on Foreign Liabilities and Assets (FLA return) under FEMA 1999 (Portal for submitting FLA : https://flair.rbi.org.in) Purpose The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted directly by all the...
Read MoreFC-TRS stands for (Form Foreign Currency-Transfer of Shares) Form. This form is filed in case of transfer of shares or convertible debentures of an Indian Corporation from a resident to a Non-Resident/Non-Resident Indian and vice versa by means of...
Read MoreFC-GPR stands for Foreign Currency- Gross Provisional Return. An Indian company issuing equity instruments to a person resident outside India should file FC-GPR Form within 30 days from the date of issuance of the equity instruments. There are two...
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