The Foreign Liabilities and Assets Return (FLA Return) is an annual filing requirement for companies involved in Foreign Direct Investments (FDI) or Overseas Direct Investments (ODI).
Data Collection for National Statistics
Data collection for national statistics and economic analysis.
Financial Transparency
Enhances financial transparency by providing a comprehensive overview of foreign assets and liabilities.
Risk Management
Aids in risk management by accurately reporting foreign assets and liabilities.
Avoiding Penalties
Helps avoid penalties under FEMA 1999 by ensuring timely and accurate filing.