FLA applicability

[Dhaval Bangali]

Dear Members

Whether FLA is applicable in case of WOS of Foreign Company in India incorporated in year 2014 as per below FAQ :-

Q 1. Which entities are required to submit the FLA Return?

Ans: The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted by the following entities which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. overseas direct investment) in the previous year(s) including the current year i.e. which hold foreign assets or/and liabilities in their balance sheets;

• An Entity within the meaning of section 1(4) of the Companies Act, 2013.   

• A Limited Liability Partnership (LLP) registered under the Limited Liability Partnership Act, 2008 

• Others [include SEBI registered Alternative Investment Funds (AIFs), Partnership and Proprietary Firms, Public Private Partnerships (PPP) etc.]

Please help on this.

[Ketan Loomba]

Hi Dhaval,

FLA is applicable on the Indian company which is WOS of foreign company ( as there is FDI in terms of equity subscription by that foreign company ).

Regards
Ketan Loomba
9406630411

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[Kavita Padia]

If a company has recd foreign funds in May 2026...will FLA filing be applicable for 2025-26? As such on March 2026 there was no foreign investment in the Company so kindly clarify whether the Company should file FLA for 25-26....As per my understanding not applicable but still reconfirming

Thanks

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[Kirti]

Yes FLA filing is not applicable for FY 2025-26.