Notification/Circular No. – Announcement on Flair (RBI) site
Applicable Act/Rule – Foreign Exchange Management Act, 1999
Entities in India that have received foreign direct investment (FDI) and/or made overseas direct investments (ODI) during any previous year(s), including the latest financial year, are required to submit the Foreign Liabilities and Assets (FLA) Return annually through the RBI’s FLAIR system. This filing enables the Reserve Bank of India to monitor cross-border investment flows and compile data on the country’s external sector.
As per the recent announcement by the Reserve Bank of India (RBI), the due date for submission of the FLA return for the financial year ending March 31, 2025, has now been extended from July 15, 2025, to July 31, 2025. Companies and LLPs that are required to report under the FLAIR system can use this extended window to complete their compliance.
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