| Date: |
21-10-2015
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| Notification No: |
RBI/2015-16/210 A. P. (DIR Series) Circular No. 22
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| Issuing Authority: |
RBI
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| Type: |
A.P.D.(Series) Circulars
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| File No: |
RBI/2015-16/210 |
| Subject: |
Annual Return on Foreign Liabilities and Assets (FLA Return) – Reporting by Limited Liability Partnerships
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RBI/2015-16/210
A. P. (DIR Series) Circular No. 22
October 21, 2015
To
All Authorised Dealer Category-I banks
Madam / Sir,
Annual Return on Foreign Liabilities and Assets (FLA Return) – Reporting by
Limited Liability Partnerships
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited
to
A.P (DIR Series) Circular No. 145 dated June 18, 2014 prescribing the format
for filing of FLA return by Indian companies.
- In order to capture the statistics relating to Foreign Direct
Investments (FDI), both inward and outward, by Limited Liabilities
Partnerships (LLPs) in India, it has been decided that henceforth, all LLPs
that have received FDI and/or made FDI abroad (i.e. overseas investment) in
the previous year(s) as well as in the current year, shall submit the FLA
return to the Reserve Bank of India by July 15 every year, in the format as
prescribed in the A.P (DIR Series)
Circular No. 145 dated June 18, 2014.
Since, LLPs do not have21-Digit CIN (Corporate Identity Number), they are
advised to enter ‘A99999AA9999LLP999999’ against CIN in the FLA Return.
- AD Category – I banks may bring the contents of this circular to the
notice of their constituents and customers concerned.
- Reserve Bank has since amended the subject Regulations accordingly
through the Foreign Exchange Management (Transfer or Issue of Security by a
Person Resident outside India) (Seventh Amendment) Regulations, 2015 which
have been notified through
Notification No. FEMA. 351/2015-RB dated
September 30, 2015, vide G.S.R. No. 745(E) dated September 30, 2015.
- The directions contained in this circular have been issued under section
10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999)
and are without prejudice to permissions / approvals, if any, required under
any other law.
Yours faithfully,
(A K Pandey)
Chief General Manager
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