FLA Return Filing

The Foreign Liabilities and Asset (FLA) Return is a mandatory annual report for Indian organisations that have received foreign direct investment (FDI) or have invested in FDI overseas. This report, submitted to the Reserve Bank of India (RBI), collects detailed information on the foreign liabilities and assets listed on these entities’ balance sheets. Governed by the Foreign Exchange Management Act, 1999 (FEMA), the FLA Return thoroughly regulates India’s foreign exchange and international financial transactions.

The FLA Return must be filed by a range of entities, including:

  • Companies established under the Companies Act, 2013.
  • Limited Liability Partnerships (LLPs) were formed under the Limited Liability Partnership Act 2008.
  • Various other organisations, such as SEBI-registered Alternative Investment Funds (AIFs), Partnership Firms, and Public-Private Partnerships (PPPs), are engaged in foreign direct investment activities within India or abroad.