Question ID : 21035
Annual Performance Report APR for Overseas Subsidiary
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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