How do you file foreign assets and liabilities returns?

Ans.: The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted directly by all the Indian companies which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year i.e. who holds foreign Assets or …

How do you file annual return on foreign liabilities and assets?

Filing of FLA return

The form is to be mailed by any authorised member of the company from their email ID to the official email ID of the RBI i.e. fla@rbi.org.in. The members of the company authorised to file the FLA return are Company Secretary, Chief Financial Officer, and Directors.

How do I fill out a Fla form?

Click on FLA Online Form and then you will find an option “START FILING FLA FORM”. Click on the Start Filing FLA Form the Form will be displayed and you are ready to enter the details as applicable to your Company. This Section basically includes the identification details of the Company.

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How do I file an RBI return online?

Submit User Registration Form online. Fill the form and attach the documents and submit with the RBI. The successful registration on web-portal will enable users to generate RBI-provided login-name and password for using FLA submission gateway. – Step 1: Enter your user name, new password and valid Captcha.

What is liabilities to direct investor in Fla return?

The other capital component (receivables and payables, except equity and participating preference shares investment) of direct investment covers the outstanding liabilities or claims arising due to borrowing and lending of funds, investment in debt securities, trade credits, financial leasing, share application money …

Is LLP required to file Fla?

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 …

Why Fla return is filed?

Foreign Liabilities and Assets (FLA) Return is an Annual Return which is required to be submitted by those entities which have received FDI and/or made overseas investments in any of the previous years including the current year i.e., entities which have Foreign Assets or Liabilities in their Balance Sheets.

Which company must file Florida return?

Ans.: The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted directly by all the Indian companies which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year i.e. who holds foreign Assets or …

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How do I fill out my Fla form online?

Click on “FLA Online Form”. Step 2: Then click on “Start Filing FLA form”.

How to submit online FLA Form (Company/LLP/ Others)

Table 2.2: Fields of Section II in the FLA online Form
Sr. No. Field Name Field Description
1.2 Non-Participating Preference share Enter number of shares in actual for the end March; Amount will be Auto-calculated.
2. Non-Resident Holdings

How do I log into my Florida return?

Enter User Name and Password as provided to the authorised person in the email (provided in FLA user registration Form) and click Login. The user would be asked to change his/her password upon first time Login.

What is overseas direct investment?

Overseas Direct Investment or ODI stands for investments, by way of contribution to the capital or subscription to the memorandum of a foreign entity, or by way of purchase of existing shares of a foreign entity, either by market purchase or private placement or through stock exchange, but does not include Portfolio …

How do I change my RBI password?

Ans: Click Forgot Password Menu. Enter the details i.e. user name, registered email ID, valid captcha code. Password will be generated and same will be forwarded to the registered emailID. User should change the default password.

Who approved FDI in India?

Foreign Investment in India is governed by the FDI policy announced by the Government of India and the provisions of the Foreign Exchange Management Act (FEMA) 1999. Reserve Bank of India has issued Notification No. FEMA 20/2000-RB dated May 3, 2000 which contains the Regulations in this regard.

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How many FDI are in India?

During FY 2020-21, total FDI inflow of $58.37 bn, 22% higher as compared to the first 8 months of 2019-20. FDI equity inflows received during April – November 2020 is $43.85 bn which is 37% more compared to April – November 2020 ($32.11 bn).

What is claims on direct investor?

It covers (1) Equity in branches and all shares (except non-participating preferred shares) in subsidiaries and associates; (2) Contributions such as the provision of machinery, land & building(s) by a direct investor to a DIE by equity participation; (3) Acquisition by a DIE of shares in its direct investor, termed as …