RBI and FEMA Compliance
Full-spectrum RBI and FEMA compliance — inbound FDI, outbound investment, ECB, transfer of shares, compounding and annual returns — all FEMA obligations managed end-to-end.
Get complete RBI and FEMA compliance
Share your foreign transaction details. We identify all FEMA obligations and file every required return on time.
Talk to a CS →A complete RBI and FEMA compliance package
FC-GPR Filing
Form FC-GPR filed within 30 days of allotting shares to a foreign investor — on the FIRMS portal.
FLA Annual Return
Foreign Liabilities and Assets return filed with RBI by 15 July every year.
FC-TRS Filing
Form FC-TRS filed within 60 days of transfer of shares between a resident and non-resident.
ODI Compliance
Overseas Direct Investment — Form ODI and annual performance reports filed for outbound investment.
ECB Reporting
External Commercial Borrowing returns — Form ECB and monthly Form ECB 2 filed with RBI.
Compounding Applications
Late or incorrect FEMA filings regularised through RBI compounding — penalty minimised.
Key FEMA compliance obligations
FC-GPR within 30 Days
Shares allotted to foreign investors must be reported via FC-GPR within 30 days of allotment.
FLA Return by 15 July
Every company with FDI or ODI must file the annual FLA return with RBI by 15 July.
FC-TRS within 60 Days
Transfer of shares between resident and non-resident must be reported via FC-TRS within 60 days.
FEMA Pricing Guidelines
Shares issued to or transferred from foreign investors must comply with FEMA pricing — registered valuer report required.
Sectoral FDI Caps
FDI in restricted sectors requires government approval — automatic route limits must be checked.
Compounding for Violations
Existing FEMA violations must be compounded with the RBI before they are discovered — self-reporting is penalised less.
FEMA violations compound over time. An FC-GPR missed 2 years ago attracts penalty on the entire outstanding period — we identify existing gaps and compound them before the RBI does.
Common FEMA compliance failures
Simple steps, no surprises
FEMA obligations mapped
All foreign transactions — FDI, ODI, ECB, transfers — reviewed and reporting obligations identified.
Pending filings completed
Overdue FC-GPR, FLA returns and other FEMA filings completed — gaps compounded where needed.
Compliance calendar built
All annual and transaction-based FEMA filings tracked proactively going forward.
Ongoing FEMA support
New transactions reported within timelines — FLA return, FC-TRS and ODI reports filed annually.
Other services you may need
Frequently asked questions
FEMA (Foreign Exchange Management Act 1999) regulates all foreign exchange transactions in India — inbound FDI, outbound investment, ECB, transfer of shares involving non-residents and all current and capital account transactions. It is administered by the Reserve Bank of India.
FEMA violations attract a penalty of up to 3 times the amount involved in the violation or Rs. 2 lakhs, whichever is higher — plus up to Rs. 5,000 per day for continuing violations. Violations can be compounded (settled) with the RBI by paying a compounding fee.
Compounding is the process of voluntarily disclosing and settling a FEMA violation with the RBI by paying a penalty. Compounding is available for most technical violations — it provides immunity from further penalty and regularises the company's FEMA position.
Yes. Every allotment of shares to a foreign investor — whether angel, VC or parent company — requires Form FC-GPR to be filed on the RBI FIRMS portal within 30 days of allotment. There are no exemptions based on amount.
The Foreign Liabilities and Assets (FLA) return captures the total outstanding FDI, ODI and other external liabilities and assets of the company. It must be filed annually with the RBI by 15 July for the preceding financial year ending 31 March.
Need complete RBI and FEMA compliance?
We file FC-GPR, FLA return, FC-TRS, ODI and ECB returns — and compound existing violations before the RBI finds them.