How to treat assets of Section 8 company that remains after winding up or dissolution after satisfaction of its debts and liabilities?
Which assets shall not be used for recovery in liquidation?
Which assets shall comprise liquidation assets as per Insolvency And Bankruptcy Code 2016 ?
Can I avail Input Tax Credit on Business assets purchased on Hire purchase basis?
Under the group-level thresholds, what are the enterprises whose assets and turnover are considered for testing of threshold prescribed under the Section 5 of the Act?
Any person assets (who is head of some other organizations) can be attached in exercising the powers under Sections 337 & 339 of the Companies Act, 2013.
Company which has assets but struck off by MCA for non filing of returns and there is no business for last 10 years, how to get Revive from NCLTClick here to view / answer Share it on
Whether specific intangible assets will be considered under the head “other intangible assets” while computing net worth in e-Form DPT-3 or all intangible assets will be taken into consideration?
Fixed Assets Register Format in Excel
Whether company is required to register with Registrar of Companies in India for particulars of Charge on its assets situated outside India?Click here to view / answer Share it on
we know that Annual return on Foreign Liabilities and Assets has been notified under FEMA 1999 and it is required to be submitted by all the India resident companies which have received FDI and/ or made overseas investment in any of the previous year(s), including current year by July 15 every year. Non-filing of the return before due date will be treated as a violation of FEMA and penalty clause may be invoked for violation of FEMA.
The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted directly by all the Indian companies which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year i.e. who holds foreign Assets or Liabilities in their Balance Sheets.
Earlier we had to file in Excel based FLA return and that should be sent by email by 15 July. Any other attachment should not be forwarded along with the FLA return but now its totally online and need to file through flair Portal RBI;
The format is available on https://flair.rbi.org.in However, the format and email-based reporting system has been replaced by the web-based formats for submission of annual FLA return from June 2019 (i.e., reporting from the 2018-19 round of FLA). In this web-based reporting system of FLA, entities first need to create business-user through “Entity-User Registration form”.
But someone having, Share the Word / Excel file of FLA Return format, so that the relevant data or details can be obtained from the Company before filing the final return at FLAIR Portal.
We being a private limited company are continually purchasing material and Capital Assets from our Holding company (99.99% shareholding) at arm's length price.
Do we need to seek any prior approval from Shareholder's by way of Special Resolution at the beginning of the year??
Or Board's Approval will be ok??
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