UNDER WHICH NIC 2008 LIE, FEMA

[MEENAKSHI GOYAL]

Hello,

Can anybody tell me about NIC code category for FC-GPR form in NIC code- 2008 published for a company whose business is purchasing non performing assets from banks and settled it. It is working as assets reconstruction company. Its urgent.

Posts / Replies

[Naveed S]

Please click on below mentioned link :-

http://dipp.nic.in/English/Investor/Investers_Gudlines/NIC_codes/nic.htm

[MEENAKSHI GOYAL]

But sir this NIC 1987 list has been revised and now NIC 2008 comes in force. In NIC 2008 it will be covered in Section K for Financial and insurance activities but i have a confusion regarding in which class. Because as per my point of view it will be considered in 64990 sub class of section K. Please rectify me if I am wrong in respect of it class.

[Naveed S]

It shall fall under schedule K and Div. 64

Yes, 64990 seems to be proper.

[Naveed S]

http://www.fipbindia.com/NIC%20Code%202008.pdf

[MEENAKSHI GOYAL]

Thank You sir.