Whether FLA return is required to be submitted by registered partnership firms (registered under Partnership Registration Act) or branches or trustees, who have made overseas direct investment, or it is mandatory only for companies (registered under Companies Act, 1956)?

FLA return requirement: partnership firms, branches and trustees making overseas direct investments must file annual returns under FEMA reporting rules.

The annual FLA return must be submitted by registered partnership firms, branches and trustees that have made overseas direct investment, and is not limited to companies alone, reflecting the FEMA reporting obligation for entities engaged in overseas direct investment.