Rbi annual return

I will Win One Day (Querist) 29 June 2012 This query is : Resolved
The company did not receive any foreign direct investment during the financial year 2011-2012, neither was any export made by the company.

The current shareholders of the company from USA. The USA company purchased shares from Indian share holders in the financial year 2010-2011. Form FC-TRS was filed with authorized dealer on 11/11/2010.

Like to know from your good selves whether we need to file RBI annual return by 15/07/2012 in the above case.

Please guide.

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Nadeem Qureshi (Expert) 29 June 2012
Dear Querist
you can easily bear a Lawyer's fee,you should contacted a lawyer in person

Guest (Expert) 30 June 2012
You shall have to file an Annual Return for Foreign Liabilities & Assets with the Director,DSIM,RBI,C-8,Bandra Kurla Complex,Mumbai in duplicate and APR to RBI through your Authorised Dealer in quadruplicate.The above Returns are to be submitted by the Indian Companies which have received FDI and/or made FDI abroad in the previous year(s) including the current year.For any further clarification,please consult your Statutory Auditor and Authorised Dealer.

CS Deepak Pratap Singh (Expert) 02 July 2012
Dear Friend, It is mandatory to file Annual Performance Report to the RBI every year in Form ODI. Now you have to file the same form as APR. This is applicable to all companies whether FDI received in India or investment in abroad.Thanks

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