Regulatory Alerts2024-11-12 | cba-blob-17493Application Form for Declaration for a Dividend Payment and/or Profit Transfer
The regulatory authority requires the submission of a specific application form to declare outgoing dividend payments or profit transfers under the State Ordinance Foreign Exchange Transactions. Applicants must provide financial statements, shareholders' resolutions, and the shareholders' register to support their declaration for the specified financial years. The document mandates that the applicant truthfully fill out and sign the form without withholding any facts relevant to the foreign exchange transaction.
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