If an entity did not receive FDI or made overseas investment in any of the previous year(s) including the current year, do we need to submit the FLA return?
Annual Return on Foreign Liabilities and Assets (FLA) under FEMA 1999 - As on Nov 14, 2022
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FLA return requirement: no filing where an entity has no outstanding inward or outward FDI at reporting year end. Filing the Annual Return on Foreign Liabilities and Assets (FLA) under FEMA 1999 is not required where an Indian entity has no outstanding inward or outward FDI as on the end March date of the reporting year, thereby exempting entities without any outstanding foreign liabilities or assets at year end from the annual filing obligation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
FLA return requirement: no filing where an entity has no outstanding inward or outward FDI at reporting year end.
Filing the Annual Return on Foreign Liabilities and Assets (FLA) under FEMA 1999 is not required where an Indian entity has no outstanding inward or outward FDI as on the end March date of the reporting year, thereby exempting entities without any outstanding foreign liabilities or assets at year end from the annual filing obligation.
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