Jaideep (Service) (1368 Points)
16 March 2011
Dear All
Reserve Bank of India vide its circular dated 15-03-2011 has introduced Annual Return on Foreign Liabilities and Assets reporting by Indian Companies and discontinuation of Part B of form FC-GPR.
Circular enclosed for your kind perusal.
Regards
Jaideep Pandya
Simranjeet Singh
(Proprietor at S Simranjeet & Associates Company Secretaries)
(4396 Points)
Replied 16 March 2011
Thanks Jaideep sir for sharing this......... keep sharing.....
CA Madhu Soodan Tapuriah
(Practising Chartered Accountant)
(156 Points)
Replied 16 March 2011
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The RBI has issued a circular known as RBI/2009-10/445 AP (DIR Series)Circular No49 dtd 04.05.2010.
The said circular deals with FDI in India by foreign nationals.
Foreign remittance on account FDI is reported to the RBI by submitting Form FC GPR Part-A. The form must be supported by a certificate by a CA certifying the basis of valuation of shares and the only method allowed for the purpose of valuation is "the discounted free cash flow method"
Can any member provide the draft certificate as required ?
CA M S Tapuriah
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Ravi chandra Y
(Accounts executive )
(59 Points)
Replied 16 March 2011
thanks u soomuch sir.... keep sharing
Jaideep
(Service)
(1368 Points)
Replied 16 March 2011
My Pleasure....
thanks all for your Gesture,,,
CS LLB Pulkit Gupta
(https://www.facebook.com/pages/Life-and-Promises/553962034682487)
(16631 Points)
Replied 16 March 2011
| Originally posted by : Vikash Kharvar | ||
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Thanx for sharing....... |
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Anit Sharma
(CA Final student )
(460 Points)
Replied 26 May 2011
| Originally posted by : simranjeet singh | ||
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Thanks Jaideep sir for sharing this......... keep sharing..... |
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