Foreign Liabilities and Assets (FLA) is an Annual Return which is to be
submitted by all those Indian Resident Companies which have received Foreign
Direct investment (FDI) and/or made Investment Overseas (FDI Abroad) in previous
year(s) which shall also include information of the current year.
This return needs to be filed by July 15 every year. Non filing of this return
shall be considered as violation of FEMA.
The company can file unaudited accounts before the due date of submission, i.e.
July 15, then the FLA Return should be submitted based on unaudited
Once the accounts gets audited and the companies are supposed to submit the
revised FLA return based on audited accounts by end – September.
No FDI/ODI in the latest year – if the company has not received ODI/FDI in the
latest year but still the company is required to file FLA every year by 15th
July because the company has outstanding FDI/ODI.
FLA and APR – The company is required to file FLA even if it has filed Annual
Performance Report (APR) for ODI as both are two different returns and are filed
to two different departments of the RBI.
Cases where the Company is not required to file FLA
- In case, if the company does not have any outstanding investment in
respect of FDI (inward and outward) as on end March of the reporting year.
- Second case could be where the company has only received share
application and does not have any foreign direct investment or overseas
direct investment outstanding as on 31st March of the reporting year.
FLA is submitted on Foreign Liabilities and Assets Information Reporting
(FLAIR) Portal : https://flair.rbi.org.in/fla/faces/pages/login.xhtml#
The entity which is required to file FLA needs to have a login on Foreign
investment in India - Reporting in Single Master Form (FIRMS) portal-
Following are the requirements to register on the FIRMS Portal.
|CIN / LLPIN*
||Regional Office Name*
Format of Authority letter can be found on this link:
Once the details are submitted successfully, the user will receive the password
on the registered email id within 48 hours.
After receiving the password the user will be asked to change the password and
create a new one.
In case the user does not receive the password within 48 hours, the can raise
their query through mail for any further assistance or call the FIRMS helpdesk