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of <h1>Entities Must Report Initial FDI Date for Annual Return on Foreign Liabilities and Assets per FEMA Guidelines</h1> Entities must report the month and year when they first received Foreign Direct Investment (FDI), regardless of the number of investors involved. This information is required for the Annual Return on Foreign Liabilities and Assets (FLA) through the FLAIR online reporting system as per the guidelines effective July 21, 2021, under the Foreign Exchange Management Act (FEMA).
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