9911796707
TMI BlogANNUAL PERFORMANCE REPORT (APR)X X X X Extracts X X X X X X X X Extracts X X X X ..... ) (3) (3) VI Financial Position of the foreign entity for the last two years Previous Year Current Year i) Net Profit/ (Loss) ii) Dividend iii) Net worth VII Repatriation from the foreign entity Current Year Since commencement of business (i) Dividend (ii) Repayment of loan (iii) Non-Equity Exports Realised (in INR) (iv) Royalties (v) Technical know-how Fees (vi) Consultancy fees (vii) Others (please specify) VIII Profit IX Retained earnings X FDI by foreign entity/ SDS into India XI Refund of excess share application money @Transaction No. - @ Furnish 15 / 17-digit transaction number allotted by Reserve Bank allotted at the time of reporting of remittance in the online OID application. XII Furnish the details of acquisition or setting up o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and submitted the same to the designated AD bank for verification within 6 months of making the remittance/s for all investments/ capitalization which are reckoned as ODI in the foreign entity under this UIN, as per Regulation 9 (1) of OI Regulations or corresponding extant Regulations in case where the reporting is being done under the earlier overseas investment framework** as stipulated by the Reserve Bank from time to time. iv. The previous APRs for the foreign entity under this UIN, have been filed. v. Repatriated to India, all dues receivable from the foreign entity under this UIN, as required under Regulation 9 (4) of OI Regulations or corresponding extant Regulations in case where the reporting is being done under the earlier overs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eing done under the earlier overseas investment framework** as stipulated by the Reserve Bank from time to time, and it has been verified from the Foreign Inward Remittance Certificate issued by the AD bank/s. Signature of the Statutory Auditors /Chartered Accountant Stamp/Seal Name of the audit firm, Registration number and UDIN Place Date Email Certificate by the Authorized Dealer bank i. In terms of Regulation 9 (1) of OI Regulations, the AD Bank has received the share certificate/s or any other document as evidence of investment as per the applicable laws of the host jurisdiction and we are satisfied about the bona fides of the documents so received. ii. The duly filled in Form (Annual Performance Report) was submitted by the Indian ent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the Form FC. 3) The APR shall be based on the audited financial statements of the foreign entity. Where the person resident in India does not have control in the foreign entity and the laws of the host jurisdiction does not provide for mandatory auditing of the books of accounts, the APR may be submitted based on unaudited financial statements certified as such by the statutory auditor of the Indian entity or by a chartered accountant where the statutory audit is not applicable including in case of resident individuals. 4) In case more than one person resident in India have made ODI in the same foreign entity, the person resident in India holding the highest stake in the foreign entity shall be required to submit APR. In case of holdings ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of their publication Balance of Payments and International Investment Position Manual . It is to be noted that the negative retained earnings is to be treated as 0 (zero). 12) The level of step-down subsidiary (SDS) shall be calculated treating the foreign entity as the parent. So, an SDS directly under the foreign entity should be treated as first level SDS. Accordingly, an SDS under the first level SDS would be treated as second level SDS and so on and so forth. 13) In case of Para XII, the structure of SDS should be in compliance with the structural requirements of the foreign entity i.e the structure of such subsidiary/ SDS shall also have limited liability where the foreign entity s core activity is not in strategic sector. The inv ..... X X X X Extracts X X X X X X X X Extracts X X X X
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