RBI Compliances

Or Talk To Our Experts Free Consultaion

15000+ Business Served
Google Rating
Happy Clients

RBI Compliances

RBI Compliances

eStartIndia will help you for all types of RBI Compliances from the comfort of your home, offering you services that are very specialized and tailored for each individual.

Get a Free Consultation for RBI compliances with Our Top Rated Experts with a simple registration.

Get the best proposal for RBI Compliances or request a call back with our top-rated Experts with a simple sign up with us!

RBI- FLA reporting through FLAIR

What is an FLA Return

As per Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017, an Annual Return on Foreign Liabilities and Assets (FLA) is required to be filed by Indian company which has received FDI or made ODI abroad or an LLP which has received investment by way of capital contribution in the previous year(s) including the current year, should submit form FLA to the Reserve Bank on or before the 15th day of July of each year.

Who is required to file FLA return

Every Company who holds foreign assets or liabilities in their financial statements as on 31 March or an LLP which has received investment by way of capital contribution and is outstanding as on  31st March is required to file FLA return.

If the Indian company does not have any outstanding investment in respect of FDI and/or ODI as on 31st March of the reporting year, the Company is not required to filet 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 file the FLA Return 15 July of every year.

Online – Web-based reporting through FLAIR

RBI through a Circular dated 28th June 2019 has announced that FLA return is now to be submitted through a web-based online reporting system.

Through this Circular RBI has replaced earlier email-based reporting system with an online form. This move was taken by RBI to enhance the security-level in data submission and further improve the data quality. It would facilitate data submission by eligible entities {including the alternative investment funds (AIF) registered with the Securities and Exchange Board of India (SEBI) as also the reporting of foreign investment in the form of capital/profit share contribution received/transferred in case of LLPs and investment by persons resident outside India in an investment vehicle

Special Features

Some Features of revised Foreign Liabilities and Assets Information Reporting (FLAIR) System:-

  1. RBI would provide a web-portal interface to the reporting entities (RBI Portal). Entities will have to submit a User registration form. After successful registration Login Name and Password shall be generated using that FLA return can be filed.

  2. The revised form will seek information on the first year of receipt of ODI/FDI and disinvestment also.

  3. Reporting entities will get system-generated acknowledgment receipt upon successful submission of the form.

  4. The data can be revised, if required, and view/download the information submitted.

  5. Entities can submit FLA information for earlier year/s after receiving RBI confirmation on their request email.

  6. The existing mechanism of email-based submission of FLA forms will be discontinued. 

  7. The requirement shall come into force with immediate effect and would be applicable for reporting of information for the year 2018-19.

Due date of filing

The FLA return is required to be filed on an annual basis on or before 15th July of every year extended to 31st July 2019. RBI has clarified that the new form would be applicable for current year filing also, the last date of which is 15th July 2019. The irony is that the RBI has announced the new form 18 days before the last date of filing of the form. We hope that RBI also comes with FAQs dealing with the filing of web-based FLA return and there are no technical glitches while filing the form and if there is such the last date be extended.

Consequences for non-compliance

Non-filing of the return before the due date will lead to violation of FEMA and penalty clause may be invoked for violation of FEMA. RBI has also clarified that entities not complying with the latest circular that is not filing the form on the new web-based system will be treated a non-compliant with FEMA regulations.

eStartIndia is the professional tech-based online and legal services which help the clients to simplify the procedures FDI/ODI compliances, RBI filings, business registration, tax concerns and any additional legal compliances and services related to the business in India.

Get free Consultation services for any registration with Our Top-skilled Experts.


) FLA Return is applicable on which Companies?

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 in the previous year(s) including the current year i.e. whos balance sheets contain foreign Assets or Liabilities in their Balance Sheets.

) If a company did not receive FDI or made overseas investment in any of the previous year(s) including the current year, do we need to submit the FLA Return?

If the Indian company does not have any outstanding investment in respect of inward and outward FDI as on end-March of the reporting year, the company need not submit the FLA Return.

) If a company has only share application money, then is that company supposed to submit the FLA Return?

If a company has received only share application money and does not have any foreign direct investment or overseas direct investment outstanding as on end-March of the reporting year, then in that case companies are not required to fill up FLA return.

) What information should be reported in FLA return, if the balance sheet of the company is not audited before the due date of submission?

If the company’s accounts are not audited before the due date of submission, i.e. July 15, then the FLA Return should be submitted based on unaudited figures.

Google Reviews

Best service provider in Delhi as per my experience. They are very strict with timelines, completed my project within the promised time period !!

Avikshit Kumar

I am very much Impressed with the prompt response and efficiency. Thank you !!

Anishma Verma

Great service and timely delivered!

Nitin Modi

Impressed by the professionalism!

Gaurav Gulati

Superb experience Within no time the trademark registration was on....Highly professional team. Superb....!!

Shiwangi Jaiswar

This is the first time when I am rating someone as 5. Ultimate service provided by you guys ( Manish and team) !!

Gurpreet Kaur

Thanks for solving my trademark issue !!


it is one stop solution to all tax related problem keep up the good work !

Radha Soami Satsang Beas

Excellent support, highly responsive and organized. Very Professional !

Nisha Shukla

Very genuine charges and convenient payment method. Best place for any startup !

Abdul Vahab

Amazing service and made difficult registration process very easy for me !

Md Faiz Ansari

Very excellent consultant as well as speed of working is awesome...!

Puneesh Bahri

The best Trademark & FSSAI Registration company in Delhi !

Ali Jafri

very very fast service and excellent good..!

Roshan Rai

I sincerely appreciate and am extremely grateful for the work !

Satya Prakash

good experience & very useful site..!

Shoaib Siddiqui

Get a Callback

Why EstartIndia

150+ Experts
100% Confidentiality
Live Status
Continuous Support & Satisfaction Guaranteed

Our Clients