No. 1, Doctor Lane, Gole Market, Delhi-110001
support@gainme.com
At our firm, we understand the significance of Foreign Liabilities and Assets (FLA) Return filing for businesses operating in India with foreign investments. Our dedicated team of experts is well-versed in the complexities of FLA Return regulations and is committed to assisting you in ensuring seamless compliance with the Reserve Bank of India (RBI) guidelines.
FLA Return is a mandatory annual return that must be filed by all companies in India that have received foreign direct investment (FDI) or made foreign direct investment abroad during the previous financial year. The process can be intricate and time-consuming, often leading to confusion and potential pitfalls for businesses that are not well-versed in the intricacies of FLA Return filing.
This is where our specialized FLA Return Services come in. With a thorough understanding of the RBI's reporting system, our team guides you through every step of the process, making sure your FLA Return is accurately prepared and submitted within the required deadlines. We aim to minimize the burden on your business, allowing you to focus on your core operations while we handle the regulatory complexities.
Our comprehensive services encompass all aspects of FLA Return filing, from data collection and collation to thorough quality checks to ensure error-free submissions. Our goal is to make the entire process as seamless and efficient as possible, saving you time and effort, while ensuring your compliance with RBI regulations.
As a client-centric firm, we recognize that each business's FLA Return requirements may differ. Our services are tailored to meet your specific needs, whether you require one-time assistance or ongoing support. With a commitment to confidentiality and data security, you can trust that your financial information is in safe hands.
Discover the peace of mind that comes with partnering with our expert team for FLA Return Services. We are here to simplify the process, reduce compliance-related stress, and ensure your business stays on the right side of regulatory requirements. Contact us today to schedule a consultation and take the first step towards a smooth and compliant FLA Return filing with our specialized services!
Incorporation Certificate of co./MOA/AOA
Email id and Mobile no. of the entity
Name, PAN, Email id and mobile no. of authorized person
Audited/Provisional Financial Statements
Drafting of Authority Letter
Drafting of Verification Letter
Acknowledgement of filing Return
Are you a company operating in India with foreign investment? Are you aware of the Foreign Liabilities and Assets (FLA) Return filing requirements? GainMe CA Firm is here to simplify the process for you and ensure seamless compliance with the Reserve Bank of India (RBI) regulations.
What is FLA Return?
FLA Return is a mandatory annual return that needs to be filed by all companies in India that have received foreign direct investment (FDI) or made foreign direct investment abroad during the previous financial year. The Reserve Bank of India (RBI) introduced this reporting system to capture and monitor the country's foreign exchange and foreign investment-related transactions accurately.
Why Choose GainMe for FLA Return Services?
Expertise in Foreign Investment Regulations: At GainMe, we specialize in dealing with foreign investment regulations and compliance matters. Our team of experienced Chartered Accountants has an in-depth understanding of the FLA Return filing process, ensuring accuracy and adherence to the RBI guidelines.
Seamless and Timely Filing: Filing the FLA Return can be a complex and time-consuming task. With GainMe by your side, you can rest assured that your FLA Return will be filed accurately and submitted on time, avoiding any potential penalties or repercussions.
Comprehensive Data Collection: Our professionals will assist you in collecting and collating all the necessary financial data required for the FLA Return filing. We will guide you through the process, making it efficient and hassle-free.
Error-Free Filings: The accuracy of FLA Return filings is crucial to meet regulatory requirements. GainMe CA Firm employs stringent quality checks to ensure error-free submissions, reducing the risk of rejections or queries from RBI.
Confidentiality and Security: We understand the sensitive nature of financial information. Rest assured that your data is safe and secure with GainMe. Our firm follows strict confidentiality protocols to safeguard your financial data.
Customized Solutions: We recognize that every company's FLA Return filing requirements may differ. GainMe CA Firm tailors its services to match your specific needs, providing customized solutions that fit your business model.
End-to-End Support: Our services extend beyond FLA Return filing. GainMe is here to assist you throughout the year with any foreign investment-related queries or compliance matters that may arise.
Stay Compliant with GainMe CA Firm:
Avoid the complexities and potential pitfalls of FLA Return filing by partnering with GainMe CA Firm in Delhi. Our expertise and dedication to client satisfaction make us the ideal choice for all your foreign investment compliance needs.
Contact us today to ensure seamless FLA Return filing and stay compliant with RBI regulations with GainMe CA Firm in Delhi by your side!
FLA (Foreign Liabilities and Assets) Return is in the nature of annual return required to be submitted under FEMA by:
Which have received foreign direct investment (FDI) or made overseas investment in any of the previous year (s), including current year i.e. who holds foreign assets/liabilities in their balance sheet as on 31st March. It is mandatory to file FLA return only if the balance of foreign assets and liabilities are outstanding as on 31st March.
Incorporation Certificate of co./MOA/AOA
Email id and Mobile no. of the entity
Name, PAN, Email id and mobile no. of authorized person
Audited/Provisional Financial Statements
Drafting of Authority Letter
Drafting of Verification Letter
Acknowledgement of filing Return
If the Indian company does not have any outstanding balance of FDI or overseas investment as on 31st March of reporting year, the company need not submit FLA Return.
Any default in filing FLA return by 15th July will lead to imposition of penalty under FEMA that is 3 times of the amount involved in contravention and Rs. 5,000 per day for each day of default.
Therefore, it is suggested that FLA return is filed before 15th July on basis of provisional accounts and revise the same by 30th September on the basis of final audited accounts.
No, information should be reported only as on 31st March. If the accounts of the company are closed on a different date, the information should be given as on 31st March based on internal assessment.
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 the company has not ‘received any fresh FDI and/or ODI (overseas direct investment)’ in the latest year but the company has outstanding FDI and/or ODI, then that company is required to submit the FLA Return every year by July 15.
If the Partnership firms, Branches or Trustees have any outward FDI outstanding as of end-March of the reporting year, then they are required to send a request mail to get a dummy CIN number which will enable them to file the Excel based FLA Return. If any entity has already got the dummy CIN number from the previous survey, they should use the same CIN number in the current survey also. It is also informed that these dummy CIN numbers are provided by RBI for filling the excel based FLA return only and not for any other purpose.
FLA Return and Annual Performance Report (APR) for ODI 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 all non-resident shareholders of a company has transferred their shares to the residents during the reporting period and the company does not have any outstanding investment in respect of inward and outward FDI as on end-March of reporting year, then the company need not submit the FLA Return.
Ans.: Shares issued by reporting company to non-resident on Non-Repatriable basis should not be considered as foreign investment; therefore, companies which have issued the shares to non-resident only on Non-Repatriable basis, is not required to submit the FLA Return.
RBI has introduced a web based portal for filing of FLA Return known as Foreign Liabilities and Assets Information Reporting (FLAIR) system. Reporting entities are required to register on web portal before filing FLA Return and fill the details as sought in the form. Reporting entities can amend/alter data entered in FLAIR and view/download the information submitted.
Building professional community with a vision.