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.