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Set up a sole FLA Return Filing

  • Companies that have received FDI and/or made FDI overseas in any financial year must complete FLA Return Filing with the RBI. File FLA return through IndiaFilings with expert assistance.

10K+ FLA Return Filing Firms Registered Since 2020

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Register FLA Return Filing Firm Online through Compliance Gurukul

You can easily complete FLA Return Filing firm registration online through Compliance Gurukul. For a sole FLA Return Filing registration, only the PAN & Aadhaar card of the business owner is required. We can help you obtain the following registrations in less than 15 days:

  • FLA Return Filing
  • Zero-Balance Business Current Account with Compliance Gurukul Software

Once, you have registered for the FLA Return Filing firm registration online on Compliance Gurukul, please follow the steps below and upload the following documents by logging into Compliance Gurukul Software.

  • Step 1: Login to Compliance Gurukul Software using the email address for payment.
  • Step 2: Go to Services Tab & Select FLA Return Filing Engagement
  • Step 3: Upload your PAN & Aadhar Card Copy
  • Step 4: An Compliance Gurukul Registration Expert will file the registration application with GST Department and Bank for Current Account.
  • Step 5: Access to Compliance Gurukul Software is for GST invoicing, GST filing and other services.

FLA Return Filing

The FLA Return is a mandatory annual filing for Indian companies, LLPs, and other entities engaged in receiving or making foreign direct investments. This includes entities involved in Foreign Direct Investment (FDI) within India or Overseas Direct Investment (ODI). Under the regulations of the Reserve Bank of India (RBI) and the Foreign Exchange Management Act, 1999 (FEMA), the FLA Return is designed to gather information on foreign liabilities and assets that are reflected in the financial statements of these entities.

Introduction to FLA Return

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.

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Documents Required for Filing FLA Return

The Reserve Bank of India (RBI) has structured the FLA Return into five distinct sections for a comprehensive capture of foreign liabilities and assets by Indian entities:

  • Prefilled Information: Company name, PAN, CIN, and head of the institution’s email are auto-filled post successful user creation.
  • Contact Details: Provide details of the contact person, including name, phone number, mobile number, email, designation, website, and account closing date.
  • NIC Code: Use National Industrial Classification (NIC) -2008 codes for industry specification. If multiple activities are conducted, select the primary revenue-generating activity.
  • Company Specifics: Indicate if the company is listed as an Asset Management Company, has technical foreign collaborations, or has conducted any business activity in the last financial year. Also, specify the nature of FDI involvement.
  • Capital: Disclose the total paid-up capital, differentiating between participating and non-participating share capital.
  • Profit and Loss Account: Detail the profit/loss before and after tax, dividends issued, and any tax on dividends from the April-March period.
  • Reserves & Surplus: Report reserves and surplus figures separately from accumulated profit/loss balances.
  • Sales and Purchases: Include domestic and foreign sales and purchases, including goods and services, based on the profit and loss account.
  • Employee Information: State the number of employees on the payroll of the Indian reporting company.
  • Portfolio Investment in India: Specify equity and debt securities held by non-resident investors, excluding FDI.
  • Other Liabilities: Report financial liabilities with foreign unrelated parties, excluding domestic liabilities even if in foreign currency.

Timelines

A sole FLA Return Filing firm registration can normally be done in India through Compliance Gurukul in max 2 weeks. However, the timelines for registration will vary from case to case, depending on the government and bank processing timelines.

FLA Return Filing FAQ's

The FLA Return is an annual submission for Indian entities involved in receiving or making foreign direct investments.

Indian companies, LLPs, SEBI-registered AIFs, Partnership Firms, and PPPs involved in FDI or ODI activities.

The FLA Return must be filed by July 15th every year.

File the FLA Return using unaudited or provisional figures and submit a revised return by September 30th if audited later.

A Late Submission Fee (LSF) of INR 7,500 may be imposed if filed after the due date but before enforcement action.

Penalties can be up to 300% of the amount involved or Rs. 2 Lakh, with additional daily penalties of Rs. 5,000 for continued non-compliance.

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