What are classes/types that a company may have? - FEMA - FAQ - FEMA

Ans: Classes/types relates to number of different face values the company may have. For example, Ordinary/equity/participatory/Non-participatory preference shares may have one/two (or more) different classes of face values. (Illustration: if a company has shares of face values say, INR 10 and INR 20, then 2 should be entered). Please note, if classes/type is more than 1 in any of the year (PY/CY), then in Section II you need to enter INR lakh value manually. If there is no face value, 0 should be entered. The above details are to be furnished in the block whose screenshot is given below.