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of <h1>RBI Requires LLPs with Foreign Investments to Submit Annual FLA Return by July 15 Under FEMA 1999 Regulations.</h1> The Reserve Bank of India mandates that Limited Liability Partnerships (LLPs) in India, which have received or made Foreign Direct Investments (FDI), must submit an Annual Return on Foreign Liabilities and Assets (FLA Return) by July 15 each year. This requirement applies to both previous and current year investments. LLPs should use a specified placeholder code for the Corporate Identity Number (CIN) in their submissions. These instructions, issued under the Foreign Exchange Management Act, 1999, are part of the amended regulations notified in September 2015. Authorized Dealer Category-I banks must inform their clients of these requirements.
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