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<h1>Companies Must Report Foreign Equity Investments in Block 3 of PI-Portfolio Investment Abroad Under Section IV of FLAIR</h1> The text pertains to the classification of equity securities under block 3 of PI-Portfolio Investment Abroad in Section IV of the Annual Return on FLA - Information Reporting (FLAIR) system. It specifies that companies should report outstanding equity investments in foreign stock markets, excluding those made under Foreign Direct Investment Abroad, which are reported separately in sections 1.b ODI and 2.b DI. This guidance is part of the Foreign Exchange Management Act (FEMA) framework and aims to streamline the reporting of international portfolio investments.