Compliance of newly opened private limited company

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Rajbeer (Querist)
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24 September 2015 We are a newly opened Company having Share capital of Rs 100000/- and we are the Subsidiary Companies of Holding Company in USA. I have 2 queries on this.

1. How many Compliance of the newly private Limited Company in the Financial year.

2. Their is any detail to be Submitted to FEMA, because we are the Subsidiary company and the holding company in the USA.

Guest

Guest (Expert)

24 September 2015 For FEMA, u have to submit report of foreign investment remittance from USA - Form FC GPR.
In Companies Act, yours will be treated as private limited company and provisions will apply accordingly.

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Rajbeer

Rajbeer (Querist)
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24 September 2015 Thanks for the reply sir .
Sir can u tell me the provisions of the private limited company and for FEMA we have no need to file the FLA return relation to foreign liabilities and assets, because we the subsidiary company and our holding company in US. Can u please explain on this .

Guest

Guest (Expert)

24 September 2015 As far as companies act is concerned just ensure that u dont give loan to any related party. Also ensure that directors' remuneration is within the limits. Otherwise nothing major. Form FLA is to be filed since you have outstanding investment at the end of the year.