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Practice area 04FEMA & RBI
Cross-border money brings RBI reporting with strict timelines. We make sure investments into and out of India are priced, documented and reported correctly.
What we handle
Foreign direct investmentSector caps and routes, pricing guidelines, and FC-GPR reporting for fresh issues.
Transfers of sharesFC-TRS for transfers between residents and non-residents, with pricing and documentation.
Downstream investmentIndirect foreign investment, DI reporting, and conditions for Indian companies owned or controlled by non-residents.
Overseas investmentODI into overseas subsidiaries and joint ventures under the Overseas Investment Rules and Regulations.
Annual returnsThe Annual Return on Foreign Liabilities and Assets (FLA) and other periodic RBI filings.
Delays and contraventionsLate submission fees and compounding applications before the RBI.
Foreign companies setting up in India
We advise overseas companies on the right entry route, whether a subsidiary, liaison office or branch office. We handle incorporation or RBI approvals and the ongoing compliance in India.
Common questions
When is FC-GPR due?
Within 30 days of allotment of shares to a person resident outside India.
We missed a FEMA filing. Can it be fixed?
Usually yes, by paying a late submission fee or applying for compounding. Our LSF calculator gives an estimate. We then file and follow up with the bank and RBI.
Does FEMA apply if an NRI invests in our startup?
Yes. Investment by an NRI or OCI is foreign investment, though some investments on a non-repatriation basis are treated differently. We advise on the right route.