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FLA Return Online

Every Private Limited Company and Limited Liability Partnership that receives Foreign Direct Investment or makes Foreign Investment are required to file FLA Return to RBI. File your FLA Return now with Ebizfiling now. Prices starts at INR 9999/- only.

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Foreign Liabilities and Assets Annual Return  – FLA Return

All you need to know about FLA Return to RBI

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.

Charges / Fees for filing FLA Return Online

ESSENTIAL

9999/-

(All Inclusive)

  • FLA Return Filing

Provisions regarding the due date for Filing FLA Return to RBI

  • 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 due date will be treated as a violation of FEMA and penalty clause may be invoked for violation of FEMA.
  • However, if the company’s accounts are not audited before the due date of submission, i.e. July 15, then the FLA Return should be submitted based on un-audited (provisional) account.
  • Once the accounts gets 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 of September.

Documents Required for FLA Return Filing Online

  • Provisional or Audited financial statements
  • Shareholding patterns
  • Non-resident shareholding
  • Number of employees on Payroll
  • Details of FDI received or made
  • User id and password of FLAIR system
  • Authority letter if entity not registered on FLAIR system

How to file FLA Return Online?

 

Process for filing FLA Return online in 5 simple steps

1

Fill in simple Checklist

2

Submit Documents and details

3

Verification of Documents  

4

Preparation of FLA Return  

5

FLA Return Filed

Simple Checklist

A compliance manager will get in touch with you to collect your documents and details along with a simple checklist for your FLA Return Filing. You need to fill up that checklist and submit it along with your documents for verification.

Return Preparation  

Our expert team will verify the documents and proceed with FLA return preparation. All throughout the process, your dedicated Compliance Manager will keep you updated on the progress of the filing of FLA Return.

Return Filing  

We will get your return reviewed from you before filing. Once you approve it, we will file your FLA returns online. Upon successful filing, we will send a confirmation email along with the acknowledgment receipt to your registered email ID.

FAQs_Ebizfiling

FAQs on FLA Return Filing to RBI

Get answers to all your queries

  • Which companies are required to submit the FLA Return?

    The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted directly by all the Indian Private Limited Companies / Limited Liability Partnerships which 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.

  • If a company did not receive FDI or made overseas investment in any of the previous year(s) including the current year, do we need to submit the FLA Return?

    If the Indian company does not have any outstanding investment in respect of inward and outward FDI as on the end of the reporting year that is March, the company need not submit the FLA Return.

  • What is the due date of submission of the FLA return?

    FLA return is mandatory under FEMA 1999 and companies are required to submit the same based on audited/ un-audited account by July 15 every year.

  • If company had issued the shares to non-resident on non-repatriable basis, whether that company is required to submit the FLA Return?

    Shares issued by reporting company to non-resident on non-repatriable basis is not considered as foreign investment; therefore, such companies are not required to submit the FLA Return.

  • Is it required to submit Annual Performance Report for ODI, if we have submitted FLA Return?

    FLA Return and Annual Performance Report for Overseas Direct Investment are two different returns and monitored by two different departments of RBI. So you are required to submit both the returns if these are applicable for your company.

  • If a company has only share application money, then is that company supposed to submit the FLA Return?

    If a company has received only share application money and does not have any foreign direct investment or overseas direct investment outstanding as on end-March of the reporting year, then that company is not required to fill up FLA return.

  • If a company has only share application money, then is that company supposed to submit the FLA Return?

    If a company has received only share application money and does not have any foreign direct investment or overseas direct investment outstanding as on end-March of the reporting year, then that company is not required to fill up FLA return.

  • Which cities do you provide your services?

    Ebizfiling.com provides “FDI approval” services online across India. You can get your registered office shifted in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur, or any city in India by us.

  • Still have Confusion?

    Don’t worry! Our experts are here to help you. Get in touch with our team for easy filing of SMF form FC-TRS. Write to us at info@ebizzfiling.com or call us @+91 9643 203 209.

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