Corporate Updates 20 June 2014

MCA: 

MCA in exercise of the powers conferred by Section 448 of the Companies Act, 1956 & 396 of the Companies Act, 2013, w.e.f 13-06-2014 established the office of the Official Liquidator at Hyderabad having territorial jurisdiction for the purpose discharging of function of Official Liquidator in the State of Telengana and the office of the Registrar of Companies at Hyderabad having territorial jurisdiction for the purpose discharging of function of Registrar of Companies in the State of Telengana respectively.

RBI: 

All Indian companies which have received FDI and/or made FDI abroad in the previous year(s) including the current year, should file the Annual Return on Foreign Liabilities and Assets (FLA) in the soft form to the Reserve Bank by July 15 every year. In order to collect information on Indian companies’ Outward Foreign Affiliated Trade Statistics (FATS) as per the multi-agency global ‘Manual on Statistics of International Trade in Services’, the FLA return has been modified marginally and is now available on the RBI website. All stakeholders are requested to use the latest version of the said FLA Annual Return.

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