Private Limited Company and Limited Liability Partnership many times involves them with foreign investments which is regulated by the Foreign Exchange Management Act (FEMA) Regulations. When any Private Limited Company or LLPs in India who accepts Foreign Direct Investments or companies or LLPs who invest in Overseas Direct Investment (ODI). For such Foreign Investments, the companies and LLPs require to file FLR Return and submit directly to the RBI (Reserve Bank of India).
What is the FLA Return?
FLA stands for Foreign Liabilities and Assets. When Companies and LLPs that have received 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. FLA Return needs to befiled with the RBI.
Applicability of FLA Return
The FLA Return i.e. an annual return on Foreign Liabilities and Assets (FLA) is required to be filed directly by all the Indian Private Limited Companies and Limited Liability Partnerships who have:
- Received foreign direct investment
- Made foreign direct investment
Companies exempted from filing FLA Returns
- Companies that have only issued shares on a non-repatriable basis to the NRIs do not require to submit FLA Return
- Companies with no outstanding balance of FDI or ODI by the end of the financial year are also exempted from filing FLA return.
- Companies that have only received share application money and have not received any Foreign Direct Investment or not made any Overseas Direct Investment, are exempt from filing FLA return.
Why Ebizfiling for getting services of FLA Return online in India?
EbizFiling.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients all over the world. FLA Return Filing is easy, seamless, cheapest and quickest with us. In India we provide services like Indian subsidiary, Start up advisory, Secretarial compliance services, Filing of Form FC-GPR and FC-TRS, Trademark registration and many more. To file your FLA Return in India online you may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation.