RBI has introduced new web based form for submission of Form for Foreign Liabilities and Assets (FLA) return

The Reserve Bank of India (RBI) has by its notification dated June 28, 2019 has hereby replaced the email based annual reporting of Foreign Liabilities and Assets (FLA) by a web based form available through the FLAIR System.

The move is consistent with the enhanced information security policy and is expected to further improve the quality of data.

The email based reporting has now been discontinued and the Companies would be required to report the annual return on Foreign Liabilities and Assets through this new portal.

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