Jun 28, 2019: 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 information security policy and is expected to further improve the quality of data.
The related instructions are issued vide the A.P.DIR series Circular No.37 dated June 28, 2019.
The existing mechanism of email-based submission of FLA forms will be discontinued.