Late filing of FLA return permitted after due date with prior RBI approval required for acceptance. Companies that fail to file the Annual Return on Foreign Liabilities and Assets (FLA) by the due date may submit the FLA form after the due date only if they obtain prior approval from the Reserve Bank of India; post due date filing is contingent on such regulatory approval and without it the late submission does not regularize the non compliance.
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.
Late filing of FLA return permitted after due date with prior RBI approval required for acceptance.
Companies that fail to file the Annual Return on Foreign Liabilities and Assets (FLA) by the due date may submit the FLA form after the due date only if they obtain prior approval from the Reserve Bank of India; post due date filing is contingent on such regulatory approval and without it the late submission does not regularize the non compliance.
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