Reserve Bank of India has introduced Annual Reporting by Indian Companies on Foreign Liabilities and Assets and discontinues Part B of form FC-GPR.
Every Indian Company which has either received or made Foreign Investment is currently required to submit Part B to Form FC - GPR (“Part B”) detailing the outstanding position of foreign direct investments, portfolio investments, overseas direct investments (“ODI”), etc on June 30 every year. The RBI has replaced the existing Part B with an Annual Return on Foreign Liabilities and Assets (“ARF”). This form is to be filed by July 15th every year.
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