FLA Filing

FLA filing, or Foreign Liabilities and Assets reporting, may apply to eligible Indian entities that have received foreign investment or made overseas investment and have foreign assets or liabilities outstanding at the relevant financial year end.

The filing requires accurate financial and investment information. The entity may need to compile details of foreign shareholders, investment received, overseas investment made, financial statements, share capital, reserves, liabilities, assets, and related data.

Who is this for?

• Entities with foreign investment received or made
• Foreign-owned subsidiaries with outstanding foreign liabilities or assets
• Companies with cross-border investment exposure

What it involves

In some cases, the return may be filed using unaudited or provisional financials and later revised after audited financials are available, wherever applicable.

Eraqus Advisors helps clients review FLA applicability, organise financial and investment data, coordinate filing information, maintain acknowledgements, and connect the process with annual compliance, FDI records, ODI records, and bookkeeping.

Key considerations

• Whether FLA applies for the relevant financial year
• Foreign shareholder, investment, and financial data
• Use of provisional financials and later revision where applicable
• Connection with FDI, ODI, and annual compliance records

Ongoing compliance

FLA filing is an important annual compliance item for entities with foreign investment exposure. It should be tracked carefully as part of the broader cross-border reporting calendar.