RBI-FLA return filing
Each and every company, LLP, or partnership firm with liabilities and assets in foreign currency is required to complete the return with the Reserve Bank of India (RBI) on their foreign assets and lia
Each and every company, LLP, or partnership firm with liabilities and assets in foreign currency is required to complete the return with the Reserve Bank of India (RBI) on their foreign assets and lia
Every partnership or firm with liabilities and assets in foreign currency must file the return with the Reserve Bank of India (RBI) on their foreign assets and liabilities in accordance with the rules of the Foreign Exchange Management Act, 1999, and the rules enacted under it, and in accordance with the RBI/2010/11/427 A.P. (DIR series) Circular No. 45, at or on or before the 15th of July in every year in India in conjunction with the Reserve Bank of India (RBI).
On the hyperlink (note: paste this link: https://www.rbi.org.in/scripts/fs_notification.aspx?id=6286&fn=5&mode=0),
In accordance with the requirements in Section 13 of the Foreign Exchange Management Act, 1999, failure to file the return prior to the due date is regarded as a violation of the act and is therefore a grave offense under FEMA, punishable by severe penalties and sanctions. Experts at DobizIndia Business Solution Pvt. Ltd. will assist you to complete the filing for the RBI FLA return hassle-free and effectively.
An annual report of the foreign liabilities and assets (FLA) is required under FEMA 1999 and must be filed by all Indian-resident companies that have received FDI and/or made overseas investments in the preceding year(s) and this year.
It is mandatory to file FLA's annual returns. Florida's annual return is required to be completed before July 15 of the respective year. Excel sheet that can be used as a standard method for filing the FL annually. The form must be sent by any authorized employee of the firm using their email address in the form of an official ID email for the RBI, i.e., fla@rbi.org.in.
The due date for filing the FAR is July 15 of that year. If the FAR is filed based on unaudited financial statements, a revised form must be filed based on audited financial statements before the end of September in the year in question.
The company should download the most recent FLR each year before the end of May. The company should use the latest FL tax return for the year only.
If a business fails to submit its flaw report within the stipulated date, it is required to pay an additional penalty of three times the amount involved in the violation. If the contravention is not specific enough, a penalty of up to Rs. 2,00,000 will need to be paid out by the business, as well as Rs. 5000 per day in the event of a persistent infraction.
Companies that have issued shares on a non-reparable basis do not have an outstanding balance of ODI or FDI at the end of the fiscal year. Companies that have received share application funds but have not received any FDI or have not yet made an ODI
The entire registration process for the company is expected to take 7–10 working days.
| Particulars | Previous march | The march of the last day |
|---|---|---|
| Equity share capital | -- | -- |
| Capital for participating preference shares | -- | -- |
| Total | A+b | A+b |
| Reserve and surplus | -- | -- |
| Value of net worth for the company | C + d | C + d |
| Equity share capital held by non-resident direct investors (nrdi) | -- | -- |
| Participating preference share capital is held by NRDD. | -- | -- |
| Total | F+g | F+g |
| Participating preference and equity shareholding percentage | H/c | H/c |
| FDIC at the market value | E*i | E*i |
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
Cameron Williamson
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