What is FEMA & RBI Compliance?
The Foreign Exchange Management Act (FEMA), 1999 governs all cross-border transactions, foreign investments, and external commercial borrowings in India. FEMA compliance is mandatory for any Indian entity receiving foreign investment, any Indian company investing abroad, and any transaction involving foreign currency. RBI is the primary regulatory authority enforcing FEMA provisions.
Scope of Our Services
- FDI compliance — FC-GPR, FC-TRS, downstream investment reporting
- ODI (Overseas Direct Investment) filings and reporting to RBI
- External Commercial Borrowing (ECB) advisory and Form ECB filing
- FEMA compounding applications for contraventions — drafting and representation
- Liaison/Branch/Project Office registration and annual reporting
- NRI investment advisory — NRO, NRE, FCNR accounts and repatriation
- FEMA opinion and structuring advice for cross-border transactions
- Annual reporting obligations — FLA Return, Annual Performance Report
- FCRA registration and compliance for NGOs receiving foreign contributions
Why it matters: Non-compliance in this area carries significant penalties and regulatory exposure. Our team ensures you are always ahead of your obligations.
Our FEMA Compliance Process
01
Identify the nature of the cross-border transaction and applicable FEMA regulations
02
Determine reporting obligations under relevant RBI Master Directions
03
Prepare and file required forms — FC-GPR, FC-TRS, ECB, FLA — within prescribed timelines
04
Advise on structuring to remain within permissible routes (automatic vs approval)
05
In case of contraventions, prepare compounding application and represent before RBI
Related Expertise
International TaxationTransfer PricingFDI AdvisoryODI FilingECB Compliance