The Reserve Bank's annual returns for entities with foreign investment (in or out) and for liaison/branch/project offices.
What we do
- FLA (Foreign Liabilities and Assets) return — for every Indian company/LLP that has received FDI or made overseas investment; filed on the RBI FLAIR portal.
- APR (Annual Performance Report) — for Indian entities holding investments in foreign companies under the Overseas Investment Rules, 2022; CA-certified where the foreign entity is not audited.
- AAC (Annual Activity Certificate) — CA-certified statement for liaison, branch and project offices, submitted to the AD bank (and the tax department).
Key deadlines
| Return | Due |
|---|---|
| FLA | 15 July (RBI extended FY 2025-26 to 31 July 2026; revised return on audited figures by 30 September) |
| APR | 31 December |
| AAC | 30 September |
Documents you'll need
- Audited/provisional accounts; shareholding pattern with non-resident holdings; details of overseas investments and their audited accounts; LO/BO activity summary
Download the document checklist (PDF)
Questions we are asked most
What documents do you need for FEMA annual filings?
Audited/provisional accounts; shareholding pattern with non-resident holdings; details of overseas investments and their audited accounts; LO/BO activity summary.
Last updated: September 21, 2026.