Every Year all the Indian Resident Companies which have received FDI and/or made overseas investment in any of the Previous year(s) including current year by 15 July every year.
FLA is termed to be as Annual Return on Foreign Liabilities and Assets which has been notified under FEMA 1999.
It is not mandatory that the Company’s Audited Accounts need to be filed , if the Company’s Account are not audited then the FLA Return is to be submitted on the basis of unaudited Financials. Once the accounts get audited and there is difference between the Unaudtied and audited Financials, then if there is any revisions is to be updated and the revised FLA return is to be filed with the RBI.
Eligibile Companies
The FLA Return is required to be submit directly by all the Indian Companies which have received FDI and or made FDI abroad in the Previous year(s) including the Current year.
If the Indian Company has not received any foreign Investment in as on end March of reporting year , the company is not required to file FLA Return.
How to File
FLA Return is to be Filed in the Excel Format signed by the authorised person like CFO, Director, Company Secretary etc. at email before due date for compliance purpose.
After sending the excel file based the concerned company will receive a acknowledgement ensuring that the concerned FLA Return is filed.
Thanks & Regards
FCS Richa Kumar
8860483280