Q. Whether APR return required to file where overseas subsidiary got mered retrospectively

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Question added Feb 16, 2023 RBI / FEMA By Pankaj Kumar Sharma, CA in Practice, Delhi
A Ltd has Subsidiary outside India in Mauritius whose merger got approved from 1.4.2021, where Merger scheme approval got on 1.8.2022 from NCLT and accordingly Financial of 2021-22 of A Ltd has been made by incorporating such merger. Now, Whether APR of subsidiary under FEMA need to file for the FY 2021-22, where due date also not over or get over.

Please guide where merger schemes are having retrospective effect and compliances that should look into .

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answered Mar 4, 2023 By CA MANOJ PAHWA, CA, LL.B, Connaught Place, New Delhi
Apr is mandatory in any case

Concept by CA Pramod Jain

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