India’s foreign exchange framework for exports and imports is set for a significant overhaul from 1 October 2026. The Reserve Bank of India’s Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, together with the accompanying Directions, aim to simplify compliance, provide greater flexibility to businesses and give Authorised Dealer (AD) banks a more significant role in administering the framework. The new…
What is the RBI FLA Return and Why is it Important for Businesses? The Annual Return on Foreign Liabilities and Assets (FLA Return) is a mandatory annual reporting requirement prescribed by the Reserve Bank of India (RBI) under the Foreign Exchange Management Act (FEMA), 1999. The return captures details relating to foreign investments received in India as well as overseas investments made by Indian entities.…
What is FLA Return? The Foreign Liabilities and Asset (FLA) Return is an annual return filed with the Reserve Bank of India (RBI), based on the applicability of certain provisions under the Foreign Exchange Management Act, 1999 (FEMA). Applicability of the Annual FLA Return The annual FLA Return must be submitted by entities that have received Foreign Direct Investment (FDI) and/or made overseas investments (FDI abroad)…
