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SUPPLEMENT NO. 16 DID MGMT Council 07/11 REPORT OF THE NCAA DIVISION II LEGISLATION COMMITTEE JUNE 2122, 2011, MEETING Participants: Marcus Grant, Central Intercollegiate Athletic Association Sarah
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Supplement No. 16 DII is a form used for reporting the details of foreign remittances made by Indian companies during the financial year.
All Indian companies that have made foreign remittances during the financial year are required to file Supplement No. 16 DII.
Supplement No. 16 DII can be filled out by providing the requested details of foreign remittances made by the Indian company during the financial year. The form must be submitted electronically.
The purpose of Supplement No. 16 DII is to provide information about the foreign remittances made by Indian companies, which helps in tracking and monitoring flow of foreign funds.
Supplement No. 16 DII requires information such as the name of the foreign beneficiary, country of the beneficiary, amount of remittance, and purpose of remittance.
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