FLA Return Filing
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Table of Content
- FLA Return Filing
- Applicability of FLA Return
- FLA Return – Due Date & Penalty
FLA Return Filing
Applicability of FLA Return
The Foreign Liabilities and Assets (FLA) Return is applicable to the following entities:
- Indian Companies and
- Limited Liability Partnerships (LLPs) or
- Alternative Investment Funds (AIFs) and similar entities
-
Received Foreign Direct Investment (FDI):
-
Made Overseas Direct Investment (ODI):
Non-Applicability of FLA Return
- Entities with no FDI/ODI ever received or made.
- Entities with no outstanding foreign assets/liabilities as of March 31st.
- Companies with only domestic operations.
- Entities under liquidation or struck off, with no FDI/ODI outstanding.
- Branch, Liaison, or Project Offices (not separate legal entities).
FAQs for FLA Return Filing
The FLA (Foreign Liabilities and Assets) Return is an annual report filed with the RBI to disclose foreign investments made in and by Indian entities.
Indian companies, LLPs, and AIFs that have received FDI or made ODI, and have outstanding foreign investments as of March 31st.
The FLA Return must be filed by July 15th every year for the previous financial year.
Yes, it is filed online through the RBI's FLAIR portal.
Yes, if there is any outstanding FDI or ODI as of March 31st, filing is mandatory, even without fresh transactions.
No, if the company is under liquidation or struck off and has no outstanding foreign assets or liabilities as on March 31st, it is not required to file.
No. Registration on the FLAIR portal is mandatory. The entity must register with its business email ID before filing.
If there is no outstanding FDI as on March 31st of the current financial year, FLA filing is not required.
Yes, LLPs and Alternative Investment Funds (AIFs) are required to file the return if they have FDI or ODI.
Yes, but they must be authorized by the entity, and the name/contact of the authorized person should be mentioned in the return.
