The Reserve Bank of India (RBI) vide a 2012
circular, stipulated that Indian companies which have received FDI
and/or made FDI abroad (i.e. overseas investment) in the previous
year(s) including the current year, should file the annual return
on Foreign Liabilities and Assets (FLA) in the
soft form which can be duly filled-in, validated and sent by e-mail
to the Reserve Bank by July 15 of every year. The coverage was
enhanced to reporting of inward and outward foreign affiliate trade
statistics (FATS) and reporting by the limited
liability partnerships (LLPs) through the
subsequent circulars.
With the objective of enhancing the security-level in data
submission and further improving the data quality, The RBI has with
effect from 29th June, 2019 replaced the present
email-based reporting system for submission of the FLA return by a
web-based system online reporting portal. It would facilitate data
submission by eligible entities; i.e. companies and LLPs
that have
