{"id":812,"date":"2019-07-09T11:33:45","date_gmt":"2019-07-09T11:33:45","guid":{"rendered":"http:\/\/dahotreca.com.com\/?p=812"},"modified":"2019-07-09T11:33:45","modified_gmt":"2019-07-09T11:33:45","slug":"foreign-liabilities-and-assets-fla","status":"publish","type":"post","link":"https:\/\/dahotreca.com\/?p=812","title":{"rendered":"Foreign Liabilities and Assets (FLA)"},"content":{"rendered":"\n<p><strong><a href=\"https:\/\/rbi.org.in\/Scripts\/NotificationUser.aspx?Id=11607&amp;Mode=0\" target=\"_blank\" rel=\"noreferrer noopener\">The Reserve Bank with effect from\nJune 29, 2019, will replace the email-based annual reporting of Foreign\nLiabilities and Assets (FLA) by direct investment companies, with web-based\nForeign Liabilities and Assets Information Reporting (FLAIR) system<\/a><\/strong>. The web-portal would also contain the\nuser manual and FAQs in this regard. The move is consistent with the enhanced\ninformation security policy and is expected to further improve the quality of\ndata. The form will seek investor-wise direct investment and other financial\ndetails on a fiscal year basis as hitherto, where all reporting entities are\nrequired to provide information on FATS related variables (it was mandatory\nonly for subsidiary companies earlier). In addition, the revised form seeks\ninformation on the first year of receipt of FDI\/ODI and disinvestment.\nReporting entities will get system-generated acknowledgment receipt upon\nsuccessful submission of the form. They can revise the data, if required, and\nview\/download the information submitted. Entities can\nsubmit&nbsp;FLA&nbsp;information for earlier year\/s after receiving RBI\nconfirmation on their request&nbsp;email. The existing mechanism of email-based\nsubmission of&nbsp;FLA&nbsp;forms will be discontinued. Indian entities not\ncomplying with above, will be treated as non-compliant with Foreign Exchange\nManagement Act, 1999 and regulations made thereunder.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank with effect from June 29, 2019, will replace the email-based annual reporting of Foreign Liabilities and Assets (FLA) by direct investment companies, with web-based Foreign Liabilities and Assets Information Reporting (FLAIR) system. The web-portal would also contain the user manual and FAQs in this regard. The move is consistent with the enhanced [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[18],"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"User Collaborator","author_link":"https:\/\/dahotreca.com\/?author=3"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/dahotreca.com\/?cat=10\" rel=\"category\">Registrar of companies<\/a>","rttpg_excerpt":"The Reserve Bank with effect from June 29, 2019, will replace the email-based annual reporting of Foreign Liabilities and Assets (FLA) by direct investment companies, with web-based Foreign Liabilities and Assets Information Reporting (FLAIR) system. The web-portal would also contain the user manual and FAQs in this regard. The move is consistent with the enhanced&hellip;","_links":{"self":[{"href":"https:\/\/dahotreca.com\/index.php?rest_route=\/wp\/v2\/posts\/812"}],"collection":[{"href":"https:\/\/dahotreca.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dahotreca.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dahotreca.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dahotreca.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=812"}],"version-history":[{"count":1,"href":"https:\/\/dahotreca.com\/index.php?rest_route=\/wp\/v2\/posts\/812\/revisions"}],"predecessor-version":[{"id":813,"href":"https:\/\/dahotreca.com\/index.php?rest_route=\/wp\/v2\/posts\/812\/revisions\/813"}],"wp:attachment":[{"href":"https:\/\/dahotreca.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dahotreca.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dahotreca.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}