Tag Archives: FLA return

FLA return date extended

RBI vide a notice on its FLA return site, has extended the last date for filing of FLA returns for the year ended 31st March, 2021 to 31st July, 2021. It has also sent mails to the stake holders on this matter, which is very sweet of them.

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RBI FLA return

The filing of RBI FLA return has been extended to July 31, 2020. This has come as an announcement on the form link itself which can be seen as above.

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Annual return on foreign assets & liabilities – reporting by LLPs

RBI has vide its circular no. 22 dated 21st October, 2015 mandated that LLPs (Limited Liability Partnerships) which have received FDI or invested abroad (ODI) are also required to report annually in the FLA return i.e. Foreign Liabilities and Assets return by 15th July every year. However since they do not have a Corporate Identification Number (CIN) they have to mention  ‘A99999AA9999LLP999999’ against CIN in the said return. The operative part of the said circular is reproduced hereunder:

In order to capture the statistics relating to Foreign Direct Investments (FDI), both inward and outward, by Limited Liabilities Partnerships (LLPs) in India, it has been decided that henceforth, all LLPs that have received FDI and/or made FDI abroad (i.e. overseas investment) in the previous year(s) as well as in the current year, shall submit the FLA return to the Reserve Bank of India by July 15 every year, in the format as prescribed in the A.P (DIR Series) Circular No. 145 dated June 18, 2014. Since, LLPs do not have21-Digit CIN (Corporate Identity Number), they are advised to enter ‘A99999AA9999LLP999999’ against CIN in the FLA Return.

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Revised format of annual return of foreign assets & liabilities

RBI has revised the format of annual return of foreign assets & liabilities vide its circular no. 145 dated 18th June 2014. Now the new format can be assessed by going to the site viz. http://www.rbi.org.in/home.aspx,

click on Forms

go to Fema Forms 

and download the XLS version of the form

This annual return is required to be filed by all companies who have received foreign investment and is required to be submitted online on or before 15th July 2014. The return is made out as on 31st March, 2014. 

Copy of above RBI circular can be found here viz. http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=8945&Mode=0

The new format has been modified marginally and it is therefore advised to use only the new form for uploading the annual return. 

 

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