Once an entity starts to grow, it requires funds further either to expand the business or establish a new project, or for other reasons, and here some companies involve themselves with foreign investments. The Foreign Exchange and Management Act (FEMA) regulations govern the entities which are involved with FDI (Foreign Direct Investments) or that invests in foreign entities via joint venture or wholly-owned subsidiaries, known as Overseas Direct Investment (ODI).
The above mentioned companies re required to file FLA Return to RBI on annual basis.
Frequently Asked Questions
What is FLA Return?
It’s an Annual Return on Foreign Liabilities and Assets required to be filed by an Indian Company and LLP to RBI within the prescribed due date.