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PERIODIC DISCLOSURES FORM NL38 Insurer: Quarterly Business Returns across line of Business Bajaj Allianz General Insurance Co. Ltd. Date: 31st December 2011 (Rs in Lakhs) Quarterly Business Returns
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nl-38 is a form used to report information regarding foreign financial accounts to the Internal Revenue Service (IRS).
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file nl-38.
nl-38 can be filled out electronically using the FinCEN Form 114, also known as the Report of Foreign Bank and Financial Accounts (FBAR). The form requires information such as the account holder's personal information, account details, and maximum account value during the reporting period.
The purpose of nl-38 is to prevent tax evasion and money laundering by ensuring that U.S. persons report their foreign financial accounts to the IRS.
nl-38 requires information about the account holder, the account itself, and the maximum value of the account during the reporting period.
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