In case of item 4. Other Investment (section III), it is written that outstanding liabilities with foreign unrelated parties to be given. Please clarify what transactions are to be reported under the same? - FEMA - FAQ - FEMA

Ans : All financial outstanding liabilities (Trade Credit, Loans, Currency Deposits, and other receivable payable accounts) with foreign unrelated parties should be reported here. Any domestic liabilities (even if it is in foreign currency) should not be reported in the FLA return. Further, if the share application money is received from foreign investor who does not hold equity shares of Indian reporting company as on reference date, then outstanding share application money should be disclosed under this item 4. Other Investment in Other receivable and payable accounts.