Annual Return on Foreign Liabilities and Assets (FLA Return)

• FLA Return is required to be submitted mandatorily by all the Indian resident companies which had received FDI and/ or made ODI in any of the previous year(s), including current year.
• Who holds foreign assets or liabilities in their financial statements as on 31st March.
• Return to be filed on or before 15th July every year.
• If the Indian company does not have any outstanding investment in respect of FDI and/or ODI as at the end of the reporting year, the Company need not submit the FLA Return. Similarly, if the Indian company has not received any fresh FDI and/or ODI in the latest year but the company has outstanding FDI and/or ODI, then that company is still required to submit the FLA Return every year by 15th July.