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of <h1>Indian Companies Must Submit Revised FLA Return Format to RBI by July 15 Annually Under FEMA Regulations.</h1> The circular addresses the revised format for the annual return on Foreign Liabilities and Assets (FLA) reporting by Indian companies. It mandates that Indian companies with foreign direct investment (FDI) or overseas investment must submit their FLA return directly to the Reserve Bank of India by July 15 each year. The revised format includes an easy-to-fill soft form with guidance and in-built validations available on the RBI website. The circular also mentions upcoming amendments to relevant Foreign Exchange Management regulations and clarifies that these instructions are issued under the Foreign Exchange Management Act, 1999.
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