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August 2014

A. P. (DIR Series) Circular No. 6 dated 18th July, 2014

By Gaurang Gandhi Chartered Accountant
Reading Time 1 mins
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Press Note 4 (2014 Series) issued by DI PP dated 26th June, 2014

 Foreign Direct Investment – Reporting under FDI Scheme
This circular states that henceforth:-

1. Indian companies while submitting Form FCGPR & Form FCTRS must use the NIC codes as mentioned in the National Industrial Classification, 2008 (NIC 2008) and not the old NIC codes as mentioned in NIC 1987.

2. Indian companies must use the uniform State and District code list (available on the RBI website) while submitting Form FCGPR.

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