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FLA Return

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Malathi.S

Trichy

65 Points Posted on 22 July 2020

Indian Company shares are wholly held by two Foreign shareholders (entities). And no other investment in Indian Company except the shares, will the Indian Company have to file FLA Return? please advise. Thanks!

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Quick Summary

This discussion clarifies whether an Indian company, wholly owned by two foreign entities, must file an FLA Return. It's confirmed that an FLA Return is required if there's Foreign Direct Investment. The conversation also touches upon the FIRMS portal and the FLA website (flair.rbi.org.in) for filing, noting that an account must be opened on the FLA website in the company's name.