Query for FLA

[Shweta Mittal]

Hi

If CCD was  issued by Company to Non resident and they are not holding any shares in Company then how to show or mention these details in FLA Return.

We Deal in:

INCORPORATION OF COMPANY PRIVATE/PUBLIC/Section 8/Nidhi  Company/Subsidiary of Foreign Company/ LLP, TRADE MARK, LOGO, , IMPORT EXPORT CODE,  FOOD LICENSE, DRUG LICENSE,  COSMETICS LICENSE, FEMA COMPLIANCE, GST, PF & ESI WORK, PAYROLL, ACCOUNTING ETC.

Thanks & Regards

Shweta Aggarwal & Associates (Peer Reviewed Firm)

FCS, INDEPENDENT DIRECTOR

Company Secretaries

Mobile No.:  8954893224

Off: A-302, VVIP Mangal, Opp KW Delhi 6 Mall, Raj Nagar Extension, Ghaziabad-201017

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[Rahul Maheshwari]

M'am,

Answer concerning your query is -

"the guidelines on Foreign Direct Investment (‘FDI’) treat CCDs as equity for the purposes of reporting to the Reserve Bank of India (‘RBI’)".

Therefore, treat it as equity.