FLA Return Compliance
Efficient filing and management of FLA returns to ensure statutory compliance.
Don’t risk penalties—stay compliant with RBI’s FLA Return requirements for Indian entities. Lawful Journey provides expert support for Foreign Liabilities and Assets (FLA) Return filing, documentation, and end-to-end compliance. We serve companies and LLPs with foreign direct investment or overseas assets/liabilities.
Every Indian company or LLP with foreign investment—either as direct investment received or overseas assets held—must file an annual FLA Return with the Reserve Bank of India. Delay, errors, or missing data can result in penalties and regulatory scrutiny. Our CS-led team handles all FLA filings, cross-verifies figures with audited accounts, responds to RBI queries, and ensures audit-ready records year after year.
- Timely and accurate FLA return filings to avoid penalties
- Full documentation and cross-checking with annual financials
- CS-led compliance and RBI query management
- Audit-ready records and proactive reminders for each FLA cycle
Why Choose FLA Return Compliance Services?
Many companies overlook or delay their FLA Return, risking penalties, loss of reputation, and regulatory hassles. Lawful Journey’s compliance team manages the full process: verifying FDI/ODI figures, preparing and filing the return, and ensuring prompt responses to any RBI clarifications or audits. Our support covers routine filings, backlogs, and first-time registrations for new entities.
CS-Led Statutory Expertise
All filings handled by qualified Company Secretaries experienced in RBI/FEMA and foreign investment reporting.
Accurate Data & Documentation
Cross-verification of FLA data with annual audited financials and capital structure for full compliance.
Timely Filings & Reminders
Annual compliance calendar and proactive reminders so you never miss an FLA deadline.
Audit-Ready Support
We organize, file, and maintain FLA-related documents—ready for audit or investor due diligence at any time.
Regularization & Backlog Filings
Support for past or missed FLA filings, rectification of errors, and dealing with RBI clarifications or late submission.
Training & Guidance
Workshops and guidance for your in-house team to manage FLA data collection and compliance.
Who Must File FLA Return?
Annual FLA Return is mandatory for every Indian company, LLP, or entity that—
Has Received Foreign Direct Investment (FDI)
- Direct investment from foreign shareholders or VC/PE funds
- Companies with any foreign equity holding at any time during the financial year
Holds Overseas Assets or Liabilities
- Investment in foreign subsidiaries, JVs, or branch offices
- Overseas loans, deposits, or receivables
NBFCs, Startups & Other Entities
- NBFCs, startups, and LLPs with foreign shareholding
- First-time and routine FLA filers
Step-by-Step FLA Return Filing Process
Step 1: Data Collection & Review
We gather all relevant data: FDI received, ODI made, overseas assets, and liabilities from annual financials and registers.
Step 2: Data Reconciliation
Cross-check figures with audited balance sheet, shareholding register, and capital account for accuracy.
Step 3: FLA Form Preparation
Draft, review, and digitally sign the FLA Return as per RBI’s online FLAIR portal requirements.
Step 4: Submission & Acknowledgment
File the return before RBI’s deadline (usually July 15 each year) and obtain acknowledgment for audit records.
Step 5: Clarification & Rectification (if required)
Respond to RBI queries or clarifications, file rectifications, or regularize missed/backlog returns as needed.
Documents Needed for FLA Compliance
Company & Investment Records
- Audited Financial Statements: Balance sheet and P&L for the relevant year
- Shareholding Register: Current and historic register of members with foreign holdings
- FDI/ODI Register: Statement of foreign assets and liabilities
Statutory & Regulatory Filings
- Previous FLA Returns (if any): Past years’ FLA forms and RBI acknowledgments
- FIRC, KYC, ODI Forms: Proof of foreign investments received and ODI made
- Board Resolutions/Authorizations: Approvals for FLA signatory or authorized persons
Supporting & Compliance Documents
- RBI Queries/Communications: Copies of any correspondence with RBI regarding FLA
- Compliance Checklist: Internal summary of filings, gaps, and data status
Why Choose Lawful Journey?
CS-Led FLA Expertise
Every FLA return is prepared and reviewed by qualified Company Secretaries with hands-on RBI and FEMA compliance experience.
Data Accuracy & Audit Trail
Figures cross-checked with audited accounts, FDI/ODI registers, and past filings—ensuring complete compliance.
Deadline Reminders & Filing Calendar
We remind you before every FLA cycle and maintain a compliance calendar so you never miss a statutory date.
Audit-Ready Records
All FLA filings, acknowledgments, and supporting documents kept ready for audit or investor due diligence.
Regularization & Backlog Resolution
Missed a return? We help regularize, file backlogs, and respond to all RBI queries for a clean compliance record.
Training & In-House Support
Workshops and checklists to help your internal teams manage and understand FLA compliance year after year.
Frequently Asked Questions
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Every Indian company, LLP, or entity with foreign direct investment received, or overseas assets/liabilities at any time during the financial year, must file the annual FLA Return with RBI.
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FLA Return must be filed by July 15th every year, based on audited or unaudited financials for the previous year.
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Late or missed FLA filings may attract regulatory scrutiny, affect future FDI, and in some cases, lead to penalties or audit issues.
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Yes! We handle regularization, backlog filings, and all clarifications or corrections with RBI.
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If your company had foreign investment or assets/liabilities at any point during the year—even with no new transactions—FLA Return is still mandatory.
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We cross-check all figures with audited accounts, shareholding registers, and previous FLA filings before submitting to RBI.
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Absolutely! We serve all entity types, including LLPs, NBFCs, and those new to FLA compliance.
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Yes, we offer workshops, checklists, and guidance to help in-house teams prepare FLA data and understand the process.
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Contact us with your company details. We’ll review your status, collect required data, and manage the full filing process for you.
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100%. All data and filings are handled with professional and legal confidentiality.
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