Skip to main content
Foreign Liabilities and Assets (FLA) Return
Back to Court News
Reserve Bank of Indiacorporatetax

Foreign Liabilities and Assets (FLA) Return

May 25, 2026

The RBI mandates the filing of FLA Returns to ensure disclosure of foreign liabilities and assets as of 31 March. This requirement applies without fresh transactions.

FLA Return Filing Requirement

The Reserve Bank of India (RBI) has reiterated the requirement for entities to file Foreign Liabilities and Assets (FLA) Returns if they possess foreign assets or liabilities as of 31 March. This obligation exists regardless of any fresh transactions conducted during the financial year, emphasizing the need for ongoing disclosure.

This requirement is critical for maintaining transparency regarding foreign investments and obligations in India. It ensures that the RBI has up-to-date information on the financial position of entities regarding their foreign dealings.

Legal practitioners should ensure their clients comply with this filing requirement to avoid regulatory penalties. Understanding the implications of failing to report foreign liabilities can protect businesses from potential scrutiny and ensure adherence to FEMA regulations.

Citations

  • RBI Guidelines (2026) [unreported]
Source:Reserve Bank of India
Practice Areas:corporatetax

Related Articles

View All →
Shardul Amarchand and Cyril Amarchand Advise on KIMS ₹1,500 Crore QIPFeatured
Corporate Advisorycorporate

Shardul Amarchand and Cyril Amarchand Advise on KIMS ₹1,500 Crore QIP

Shardul Amarchand Mangaldas and Cyril Amarchand Mangaldas have advised Krishna Institute of Medical Sciences on its ₹1,500 crore Qualified Institutions Placement. This transaction strengthens the financial position of KIMS in the healthcare sector.

Jun 29, 2026Read more →
RBI's Master Direction on Credit Derivatives IssuedFeatured
Reserve Bank of Indiacorporatefinancial

RBI's Master Direction on Credit Derivatives Issued

The RBI has issued a Master Direction enabling credit derivatives and total return swaps for corporate bonds, post stakeholder feedback on its draft directions. This step marks a significant advancement in the corporate finance sector.

Jun 29, 2026Read more →
RBI Expands Credit Derivatives Market with New InstrumentsFeatured
Reserve Bank of Indiacorporatebanking

RBI Expands Credit Derivatives Market with New Instruments

The RBI's recent directives expand the credit derivatives market by introducing new instruments, enhancing the range of hedging tools available to market participants.

Jun 28, 2026Read more →