Fema / RBI : The 2026 FEMA amendment removes uncertainty surrounding INR borrowings by resident individuals from NRIs and OCI relatives. The RB...
Fema / RBI : Explains how ECBs allow Indian entities to borrow abroad while ensuring compliance with RBI rules. Key takeaway: growth is enabled...
Fema / RBI : Expanding overseas is easier under new rules, but compliance risks remain. Missing filings or structuring errors can trigger penal...
Fema / RBI : The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with fle...
Goods and Services Tax : ECGC payouts in INR do not qualify as export proceeds under GST and FEMA laws. Exporters must secure AD bank write-offs to avoid r...
Corporate Law : Authorities found Dubai property acquisitions by Indian residents routed through hawala, leading to action for violations of FEMA ...
Fema / RBI : BCAS submits comments on RBI’s draft External Commercial Borrowings (ECB) regulations, seeking clarity on eligibility, KYC norms...
Fema / RBI : BCAS provides feedback on draft FEMA trade regulations, flags concerns over AD bank powers, seeks clarity and consistency....
Fema / RBI : New FEMA rules allow settlement of foreign exchange violations with penalties up to ₹5 crore. Pending cases will follow earlier ...
Fema / RBI : The Government amended FEMA regulations, enabling resolution of violations up to ₹5 crore by paying fines. Ongoing cases follow ...
Corporate Law : The Appellate Tribunal under SAFEMA held that routing demonetized cash through another person’s bank account constituted a benam...
Fema / RBI : The issue was whether properties purchased using company funds could escape benami classification. The Tribunal held that unexplai...
Fema / RBI : The Tribunal ruled that transactions predating the alleged crime cannot be treated as proceeds of crime without a clear link. It s...
Fema / RBI : The issue was whether properties unconnected to crime could be attached under PMLA. The Tribunal held that equivalent value assets...
Fema / RBI : The Tribunal ruled that taxation of income does not negate its use in benami transactions. Even disclosed or assessed income can f...
Fema / RBI : RBI has withdrawn the requirement for prior approval of tie-ups between AD banks and non-bank remittance platforms. The new framew...
Fema / RBI : RBI has notified Foreign Exchange Management (Authorised Persons) Regulations, 2026 to streamline authorisation norms under FEMA. ...
Fema / RBI : RBI notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026 introducing revised eligibility, compliance, a...
Fema / RBI : The issue involved foreign investment limits in the insurance sector under FEMA regulations. The amendment allows up to 100% FDI u...
Fema / RBI : The issue involved foreign investment from countries sharing land borders with India. The amendment mandates Government approval f...
Annual Return on Foreign Liabilities and Assets (FLA Return)– An Analysis (Key Points, FAQ’s and Important Definitions) 1. Compliance Particular: Annual Return on Foreign Liabilities and Assets (FLA Return) 2. Requirement: FLA Return is required to be submitted mandatorily by all the India resident companies which have received FDI and/ or made ODI in any […]
What is Annual Return of Foreign Liabilities and Assets? -FLA annual return are one of the compliances that have to be met by the companies that are involved with FDI (Foreign Direct Investments) or companies who invest in foreign companies either via joint venture or wholly owned subsidiaries, also termed as Overseas Direct Investment (ODI).
Please be informed that all Companies/LLPs which have received FDI (Foreign Direct Investment) and/or made FDI abroad (i.e. overseas investment) have to file an Annual Return which is Foreign Assets & Liabilities Return (FLA). 1. The due date for filing FLA return is 31st of July, 2019 for the FY 2018-2019. 2. Non-filing of the return […]
Foreign Liabilities & Assets Information Reporting (Flair) System (FLA Return) Applicability:-Annual return on Foreign Liabilities and Assets has been notified under FEMA 1999 and it is required to be submitted by all the India resident companies (Reporting Entities)* which have received FDI and/ or made overseas investment in any of the previous year(s), including current […]
The Reserve bank of India has announced the new reporting structure for FDI related transactions in which they have combined different reporting into a single combined form i.e. the Single Master Form (‘SMF’) which subsumed all the existing reporting in different forms such as ARF, FCGPR, FCTRS etc. Also, by implementation of this new structure, […]
Foreign Direct Investment (FDI) means investment through capital instruments (equity shares, debentures, preference shares and share warrants) by a person resident outside India in an unlisted Indian company or in 10% or more of the post issue paid-up capital on a fully diluted basis of a listed Indian company. FDI under various sectors is permitted […]
Foreign Liabilities & Assets Information Reporting (FLAIR) System – Introduction of New Reporting Mechanism by RBI Background : Every Indian Company (‘the Company’) who has received FDI or has made an investment in foreign countries i.e. overseas investment in the previous year including current year needs to file a return called as Annual Return on […]
ANNUAL RETURN ON FOREIGN LIABILITIES AND ASSETS As per RBI/2010-11/427 A.P. (DIR Series) Circular No. 45 dated March 15, 2011, an Indian company which has received FDI and/ or made overseas investment in any of the previous year(s), including current year, shall submit form FLA Return to the Reserve Bank on or before the 15th […]
RBI FLA Return INTRODUCTION : RBI vide A.P. (DIR Series) Circular No. 37 dated June 28, 2019 introduced new mechanism for filing of FLA Return, to enhance the security-level in data submission and further improve the data quality. LEGAL REQUIREMENT OF FLA The RBI has introduced the requirement of Annual Return on Foreign Liabilities and […]
As per FEMA Regulations, 1999 requires any company who has either made Overseas Direct Investment (‘ODI’) or received Foreign Direct Investment (‘FDI’), to file the Foreign Assets and Liabilities Annual Return (‘FALAR’). The companies have to report the current financial year’s FLA as well as the previous year(s) assets and liabilities. In the case where […]
