Keep your Indian entity on the right side of RBI — annual FLA return, FC-GPR, FC-TRS, DI and ODI filings handled.
The Foreign Exchange Management Act (FEMA) is the Indian law that governs money flowing into and out of India, and any Indian company or LLP with foreign shareholders, overseas investments or cross-border transactions has reporting duties to the Reserve Bank of India under it. These include the annual return on Foreign Liabilities and Assets (FLA), filings on the RBI FIRMS portal whenever shares are issued to or transferred by a non-resident, and reporting of investments the Indian entity makes abroad. Fastlegal tracks these obligations for the year, prepares and files them, and helps regularise any past delays.
One fixed professional fee, inclusive of GST, agreed with you before any work starts — no hourly billing, no surprises, and nothing charged until you approve it. RBI late submission fees and compounding penalties, if any, payable to the government at actuals.
Subscribe to annual FEMA compliance and pay online in INR or by international card; we map the filings your entity needs for the year.
Upload financials, shareholding details, remittance advices and valuation reports to your Fastlegal dashboard as transactions happen.
We file the FLA return on the RBI portal, submit FC-GPR, FC-TRS, DI and ODI forms through FIRMS and the AD bank, and respond to queries.
Track each filing's status in your dashboard and download acknowledgements and RBI confirmations for your records.
Every Indian company or LLP that has received foreign direct investment or made overseas investment and has those balances outstanding at the end of the financial year. Under current rules it is due by 15 July each year, based on audited or provisional accounts, with a revised return if audited figures differ.
FC-GPR must be filed within 30 days of allotting shares to a non-resident, and FC-TRS within 60 days of the transfer or receipt of funds, whichever is earlier, under current rules. Both are filed on the RBI FIRMS portal through your AD bank.
RBI allows regularisation by paying a late submission fee for delays within the permitted period, and otherwise through a compounding application. We review your history, compute the exposure and prepare the application. The outcome rests with RBI.
No. Filings are made online by Fastlegal using the FIRMS portal and the AD bank. Parent-company documents such as board resolutions can be signed abroad and shared digitally.
Yes. The FLA return reports outstanding foreign liabilities and assets, so it is required every year the balances exist, even with no fresh transactions.
Overseas Direct Investment is an Indian entity's investment in a foreign company. Under current rules it is reported through the AD bank at the time of investment, and an Annual Performance Report must be filed each year for each foreign entity, based on its audited accounts.
FEMA Compliance Services
Annual FLA return filed by 15 July; event-based filings within their statutory windows