Annual Return on Foreign Liabilities and Assets (FLA Return) By CS Renu Nayal

  • Annual return on Foreign Liabilities and Assets has been notified under FEMA 1999 and it is required to be submitted by all the India resident companies which have received FDI and/ or made overseas investment in any of the previous year(s), including current year by July 15 every year. Non-filing of the return before the due date will be treated as a violation of FEMA and penalty clause may be invoked for violation of FEMA.
  • Due date for filing FLA return is 15th July, 2018.
  • Revised FLA returns- Once the accounts get audited and there are revisions from the provisional information submitted by the company, they are supposed to submit the revised FLA return based on audited accounts by the end - September.
Eligible Companies to Submit the FLA Return:
The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted directly by all the Indian companies which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year i.e. who holds foreign Assets or Liabilities in their Balance Sheets.
Issue of Shares Non-resident on the Non-Repatriable basis:
Shares issued by reporting company to non-resident on Non-Repatriable basis should not be considered as a foreign investment; therefore, companies which have issued the shares to non-resident only on Non-Repatriable basis is not required to submit the FLA Return.
FLA returns will be sent by mail at Email Id:


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.

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