Step down subsidiary abroad

Based on the information provided, it appears that you have a complex corporate structure involving subsidiaries in Mauritius and Dubai. To determine the filing requirements, I'll break down the abbreviations: - APR: Annual Performance Report - FLR: Foreign Liability Report - FC-GPR: Foreign Collaboration - General Permission Route - FCTRS: Foreign Currency Transfer Reporting System Considering the scenario: 1. Step-down subsidiaries in Mauritius issuing shares to new companies built up with Dubai shut-down companies. 2. Your owned subsidiaries in Mauritius remain unchanged. 3. You submit only the APR (Annual Performance Report). In this case, you might need to file additional reports, depending on the specific circumstances: - FLR (Foreign Liability Report): If there are any foreign liabilities or investments involved, you may need to file an FLR. - FC-GPR (Foreign Collaboration - General Permission Route): If there are any foreign collaborations or investments, you may need to file an FC-GPR. - FCTRS (Foreign Currency Transfer Reporting System): If there are any foreign currency transactions, you may need to report them through FCTRS.

Grateful, Sir.

There is no foreign collaboration but our wholly owned subsidiary in Mauritius is having these 2 WOSs.

Surprisingly, IFRS -consolidation of step down subsidiary companies accounts is missing with our own Mauritius WOS- so does parent company in India. Since these step down subsidiaries are in red over the years, ultimately, capital erosion will hit all in the backward value chain system- possibly triggering RBI, as parent had remitted amount