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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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Legal Considerations for Start-Ups – Are you overlooking some?
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July 2013

A. P. (DIR Series) Circular No. 106 dated May 23, 2013

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Liberalised Remittance Scheme for Resident Individuals – Reporting

Presently, banks are required to submit LRS data in hard copy as well as through the Online Returns Filing System (ORFS) of RBI.

This circular provides that henceforth, i.e. LRS data for 30th June, 2013 and subsequent months have to be uploaded in ORFS on or before the 5th of the following month. Where there is no data to be furnished, banks must to upload ‘nil’ figures in the ORFS system.

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July 2013

A. P. (DIR Series) Circular No. 106 dated May 23, 2013

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July 2013

A. P. (DIR Series) Circular No. 106 dated May 23, 2013

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A. P. (DIR Series) Circular No. 105 dated May 20, 2013

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