Filing Penalty and Additional explained: this guide covers what it means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
Missing the deadline for Form FLA (which is used to report foreign assets and liabilities to the RBI annually) can be costly. Here is the late-filing penalty and additional fees.
Form FLA — late filing penalty
| Form | FLA — FLA Return (Foreign Liabilities and Assets) |
| Normal due date | by 15 July each year (filed on the RBI FLAIR portal) |
| Late filing consequence | Late Submission Fee (LSF) charged by the RBI |
| Who is liable | The company and its officers in default |
How to avoid the penalty
- Track the due date (by 15 July each year (filed on the RBI FLAIR portal)) from the triggering event
- Keep the required documents and approvals ready in advance
- File through a professional to avoid rejections that cause delay
- Use a compliance calendar so nothing slips
Annual ROC compliance context
Form FLA is one part of a company's yearly MCA obligations. Companies must also keep up annual filings, board/AGM compliance and event-based forms.
- Maintain statutory registers and minutes
- File annual forms (AOC-4, MGT-7/7A) after the AGM
- File event-based forms (DIR-12, PAS-3, CHG-1, etc.) within their timelines
- Complete director DIR-3 KYC every year
More on Form FLA
- Form FLA Due Date & Fees
- Form FLA: Purpose, Applicability & Format
- How to File Form FLA on MCA Portal
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