As more companies involve themselves with foreign investments, the importance of the Foreign Exchange Management Act (FEMA) regulations and their compliance becomes a major part of the companies’ operations. FLA … See more The regulation under FEMA, 1999 requires any company who has either made ODI or received FDI, to file the FLA annual return. The companies have … See more The prescribed method of filing of FLA annual return is via an excel sheet. It is required to be filed by all the companies falling under the … See more WebMay 5, 2024 · While filing FLA return with RBI if the Indian entity/Overseas entity is unlisted, then OFBV method is used to calculate Market value of equity capital held by Non- resident in your company (liabilities) and Market value of equity capital held by you in the overseas company (DIE) (assets).
Annual FLA Return on Foreign Liabilities and Assets under …
WebApr 14, 2024 · What is Annual Return on Foreign Liabilities and Assets (FLA Return)? 2. Which entities are required to file the FLA Return? 3. Which entities are exempted from … WebJul 15, 2024 · The Reserve Bank of India (RBI) has extended the last date for filing Annual Return of Foreign Liabilities and Assets (FLA) to 31st July, 2024. The Annual Return on Foreign Liabilities and Assets … homewood terrace
(Foreign Liabilities and Assets) FLA Return Filing Due Date
WebApr 4, 2024 · RBI introduced the concept of FOREIGN ASSETS AND LIABILITIES (FLA) RETURN in order to keep the track record of statistics relating to foreign investment and overseas investments. Under Foreign Exchange Management Act (FEMA) 1999, Foreign Liabilities and Assets (FLA) return is required to be submitted directly by all the Indian … WebJul 7, 2024 · The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted by July 15 every year, directly by all the Indian Companies/LLP which have received Foreign Direct Investment (FDI) and/or made FDI abroad (i.e. overseas investment) in the previous year (s) i.e. who holds foreign Assets or Liabilities in their … WebFeb 5, 2024 · FLA return is to be submitted to authority dully filled either in Excel or Word file and send via electronic mail (registered mail in RBI) to [email protected] by 15 th July of each year irrespective of audited books or not subject to having foreign liabilities and assets in preceding years or current year. The form for Annual Return on Foreign ... homewood teaneck nj