Fla Return Filing

All Limited Liability Partnerships and Private Limited or Limited Companies that have received Foreign Direct Investment or made foreign investment are required to file FLA return. FLA stands for Foreign Assets and Liabilities and the return must be filed annually. In this article, we look at the process for filing FLA return in India.

Who should file FLA Return?

The FDI and/or made overseas investment in the previous year(s) including the current year has to file Annual return on Foreign Liabilities and Assets (FLA). Hence, any Company or LLP that has foreign assets or liabilities in the balance sheet must file FLA return.

Due Date for Filing FLA Return

The due date for filing FLA return is 15th of July every year. Non-filing of the return before the due date will be treated as a violation of FEMA and penalty clause for violation of FEMA could be invoked. If a company or LLP accounts are not audited before the due date of submission, then the FLA Return can be submitted based on the unaudited balance sheet. However, once the accounts get audited and if there are significant revisions from the provisional information submitted by the company, then a revised FLA return should be submitted by September 30th.

Procedure for Filing FLA Return

Submit the FLA return to the Reserve Bank of India (RBI) using the excel-based FLA Return form. Upon completing the form, send an email to the RBI from an official email address of any authorized person like CFO, Director, Company Secretary etc. On submitting the FLA return, it will forward an acknowledgement to the email address of the authorized person.

If you are a Foreigner planning to start a business in India, visit IndiaFilings.com. IndiaFilings can also help you file FLA return in India.

Back to Learn

Frequently Asked Questions

Common questions about FLA Return Filing for Foreign Investments in India.

An FLA return is an Annual return on Foreign Liabilities and Assets that companies or Limited Liability Partnerships (LLPs) with foreign direct investment or overseas investments are required to file with the Reserve Bank of India (RBI) every year.

Any company or LLP that has received Foreign Direct Investment (FDI) or made overseas investment in the previous year(s), including the current year, has to file the FLA return.

The due date for filing the FLA return is 15th of July every year. Failure to file the return before this date will be treated as a violation of the Foreign Exchange Management Act (FEMA), and penalties could be imposed.

Yes, if a company's or LLP's accounts are not audited before the due date of submission, the FLA return can be submitted based on the unaudited balance sheet. However, a revised FLA return should be submitted by September 30th if there are significant revisions after the accounts are audited.

The FLA return is filed by submitting the excel-based FLA Return form to the RBI via email from an official email address of an authorized person, such as the CFO, Director, or Company Secretary.

Upon submitting the FLA return, the RBI will forward an acknowledgement to the email address of the authorized person who submitted the return.

Non-filing of the FLA return before the due date is considered a violation of FEMA, and penalty clauses for FEMA violations could be invoked against the company or LLP.

Yes, the FLA return must be submitted using the excel-based FLA Return form provided by the RBI.

The article does not specifically mention foreign companies filing the FLA return. However, if a foreign company has received FDI or made overseas investments in India, it may be required to file the FLA return as per the applicable regulations.

Yes, the article mentions that IndiaFilings.com, a service provider, can assist foreign individuals planning to start a business in India and help them file the FLA return.