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<h1>Indian Companies Must Report Foreign Technical Collaboration in FLA Return, Item 11, Section I Per FEMA Guidelines</h1> An Indian company involved in an agreement with a foreign entity for technology transfer, know-how, patent use, or brand name is engaged in Foreign Technical Collaboration (FTC). Companies with such agreements during the reporting period must indicate 'Yes' for item 11 in Section I of the FLA return. This is part of the Annual Return on Foreign Liabilities and Assets (FLA) using the FLAIR online reporting system, as per FEMA guidelines effective July 21, 2021.