FEMA & RBI

Foreign investment and cross-border transactions are heavily regulated under FEMA. We handle every filing, opinion, and approval — from initial FDI to ongoing RBI reporting.

FC-GPR FilingsFC-TRS FilingsLLP FDI ComplianceOverseas Direct Investment (ODI)Downstream Investment ReportingExternal Commercial Borrowings (ECB)Annual FLA ReturnAnnual Performance Report (APR)Form CN FilingsFEMA Advisory OpinionsRBI Approval AssistanceFEMA Compounding ProceedingsCross-Border Investment StructuringForeign Subsidiary Compliance

What’s included

1

FC-GPR Filings

Foreign Currency-Gross Provisional Return — filed when issuing shares to foreign investors.

2

FC-TRS Filings

Transfer of shares between resident and non-resident — RBI filing within 60 days.

3

LLP FDI Compliance

Foreign investment in LLPs — FEMA compliance and reporting.

4

Overseas Direct Investment (ODI)

Indian company investing abroad — ODI form and reporting under FEMA.

5

Downstream Investment Reporting

Reporting of indirect foreign investment in Indian subsidiaries.

6

External Commercial Borrowings (ECB)

Foreign currency loans — ECB guidelines, form ECB-2 returns.

7

Annual FLA Return

Foreign Liabilities and Assets return — due 15 July every year.

8

Annual Performance Report (APR)

APR for Indian entities with overseas investments — due 31 December.

9

Form CN Filings

Convertible note issuance reporting — required when issuing CNs to non-residents.

10

FEMA Advisory Opinions

FEMA structuring opinions — pricing guidelines, sectoral caps, end-use.

11

RBI Approval Assistance

Application support for RBI approval where automatic route is unavailable.

12

FEMA Compounding Proceedings

Compounding applications for historical FEMA lapses — single window to RBI.

13

Cross-Border Investment Structuring

End-to-end structuring of inbound/outbound investment — legal, tax, FEMA.

14

Foreign Subsidiary Compliance

Ongoing compliance for an Indian company's overseas subsidiary.

Documents usually required

Certificate of Incorporation, MOA / AOA, and PANForeign investment / FDI details and valuation reportBoard and shareholder resolutionsShare purchase / subscription agreements (SHA / SSA)FC-GPR / FC-TRS / ECB forms and supporting KYC of the non-residentBank realisation certificates and inward remittance proof

Our 4-step process

1
Share docs
Secure upload
2
We verify
Sectoral cap & pricing check
3
Filing
FC-GPR / FC-TRS / FLA filed with RBI
4
Confirmation
RBI acknowledgement delivered

Frequently asked

Within 30 days of the date of allotment of shares to the non-resident investor. The company must first obtain a CKYC and Unique User Identification Code (UIC), then file through the FIRMS portal.
By 15 July every year. It is mandatory for every Indian entity that has received FDI or made overseas investment, even if no fresh transaction occurred during the year.
Compounding is the legal route to regularise past FEMA contraventions — such as delayed FC-GPR filings or pricing breaches. The applicant files a single-window application to RBI, which levies a monetary penalty and closes the matter.

Ready to get started?

Book a free consult — we’ll handle the rest.

Talk to an expert →