FLA Return Compliance
FLA Return Compliance
The Foreign Liabilities and Assets (FLA) Return is an annual filing mandated by the Reserve Bank of India (RBI) under FEMA regulations. All Indian companies, LLPs, and organizations that have received foreign direct investment (FDI) or made overseas direct investment (ODI) must file the FLA Return by 15th July each year. The return captures details of foreign assets, liabilities, equity, debt, and foreign investment transactions.
Non-filing or incorrect filing of FLA Return can attract penalties under FEMA and affect future FDI/ODI transactions. At Cardiff Services, we provide end-to-end FLA Return Compliance support, ensuring accurate reporting of foreign investments and liabilities while staying fully compliant with RBI requirements
Why Choose Cardiff Services for FLA Return Compliance
At Cardiff Services, we simplify RBI FLA Return filing by ensuring accuracy, timeliness, and compliance with FEMA regulations. Our experts reconcile your financials with RBI requirements and prepare detailed disclosures to prevent errors or penalties.
We go beyond filing – offering advisory on foreign investment structuring, FEMA compliance, and future readiness for FDI/ODI reporting. With Cardiff Services, your organization gains a trusted partner for smooth, penalty-free FLA Return compliance.
Key Features of FLA Return Compliance
Mandatory Filing: For companies/LLPs with FDI/ODI, regardless of activity during the year.
Annual Reporting: Filing due by 15th July every year on the RBI portal.
Detailed Disclosures: Reporting of equity, debt, foreign assets, and liabilities.
RBI & FEMA Compliance: Aligning filings with FEMA regulations and RBI requirements.
Error-Free Submissions: Preventing rejections due to data mismatch or incomplete information.
Advisory & Review: Support in data preparation, validation, and corrections.
Documents Required for FLA Return Compliance
Certificate of Incorporation and PAN of the company/LLP.
MOA & AOA / LLP Agreement.
Audited financial statements of the company.
Shareholding pattern and cap table.
Details of FDI received (equity, debt, convertible notes).
Details of ODI made (equity, loans, guarantees).
Foreign liabilities (loans, payables) and assets (receivables, investments).
Previous FLA Return filings (if applicable).
RBI registration details and login credentials for filing.
Step-by-Step Procedure for FLA Return Filing
Eligibility Review – Identify if the company/LLP has FDI or ODI requiring FLA Return.
Data Collection – Gather details of foreign equity, debt, assets, and liabilities.
Reconciliation with Financials – Match RBI reporting with audited accounts.
Draft Preparation – Prepare draft FLA Return for client review.
Online Filing – Submit FLA Return on RBI’s FLAIR portal.
Acknowledgment & Confirmation – Obtain filing acknowledgment from RBI system.
Record Maintenance – Keep compliance documents and filing proof for audit/regulatory review.
Frequently Asked Questions
A company name search ensures that your chosen business name is unique, legally compliant, and not already registered with Companies House UK. It helps you avoid legal disputes, trademark issues, and confusion in the Cardiff business market.
If your desired name is already registered, you’ll need to choose a different name or modify it. Using a taken name could result in rejection by Companies House or potential legal issues. Our experts can help you brainstorm alternative names that are compliant and market-ready.
It’s not advisable to use a name that’s too similar to another company, especially within the same industry. Similar names can confuse customers and risk trademark disputes. A company name search helps you identify these risks early.
For a company name search in Cardiff, you may need:
Proposed company name
Business entity type (Ltd, LLP, Partnership, etc.)
Jurisdiction (Cardiff / UK)
Owner or shareholder details (if applicable)
Business description
A “high probability” result means your proposed company name is likely to be available, but further checks are recommended. This is why our detailed Cardiff Company Name Search Report includes both identical and similar names for clarity.
Certain words are restricted under UK law (e.g., “bank,” “insurance,” “government”). If you want to use them, you’ll need special approval from regulatory bodies. We guide you through this process if your Cardiff business requires such terms