RBI Reporting & Compliance

FEMA Compliancefor Foreign Companies

FEMA compliance services for foreign companies in India. Expert assistance for FC-GPR filing, FC-TRS filing, annual returns, foreign exchange reporting, and RBI compliance. Complete FEMA compliance support.

FC-GPR
Filing
FC-TRS
Filing
RBI
Compliance

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Key Benefits

Full Compliance

Complete FEMA compliance for all foreign exchange transactions and investments.

Timely Filing

Timely filing of all FEMA returns and reports to avoid penalties.

RBI Reporting

Expert handling of all RBI reporting requirements and filings.

Deadline Management

Proactive deadline management to ensure no compliance lapses.

Expert Guidance

Expert guidance on FEMA regulations and compliance requirements.

Risk Mitigation

Risk mitigation through proper compliance and documentation.

Compliance Process

FastLegal streamlines your FEMA compliance process

1. Assessment

Assess all foreign exchange transactions and investment activities.

2. Documentation

Prepare all required documents and forms for FEMA filings.

3. Filing

File FC-GPR, FC-TRS, and annual returns with RBI within deadlines.

4. Ongoing Support

Provide ongoing support for FEMA compliance and reporting.

Frequently Asked Questions

What is FEMA compliance?

FEMA (Foreign Exchange Management Act) compliance involves reporting all foreign exchange transactions, foreign investments, and related activities to RBI. It includes filing various forms like FC-GPR, FC-TRS, and annual returns.

What is FC-GPR filing?

FC-GPR (Foreign Currency-Gross Provisional Return) is filed within 30 days of share issuance to report foreign investment in an Indian company. It is mandatory for all foreign investments and must be filed with RBI.

What is FC-TRS filing?

FC-TRS (Foreign Currency-Transfer of Shares) is filed when shares are transferred between resident and non-resident entities. It must be filed within 60 days of share transfer to report the transaction to RBI.

What are the penalties for FEMA non-compliance?

FEMA non-compliance can result in penalties up to three times the amount involved, or ₹2 lakhs, whichever is higher. Continued non-compliance can lead to additional penalties and legal action.

What documents are required for FEMA filings?

Required documents include: Share certificates, board resolutions, valuation reports, KYC documents, bank statements, and other documents as specified for each type of FEMA filing.

How often do I need to file FEMA returns?

FC-GPR must be filed within 30 days of share issuance, FC-TRS within 60 days of share transfer, and annual returns must be filed annually. Additional filings may be required for specific transactions.

Can FastLegal handle all FEMA compliance?

Yes, FastLegal provides complete FEMA compliance services including FC-GPR filing, FC-TRS filing, annual returns, and ongoing compliance support to ensure all foreign exchange transactions are properly reported to RBI.

What is the difference between FEMA and FDI?

FEMA is the regulatory framework governing foreign exchange transactions, while FDI (Foreign Direct Investment) refers to the actual investment. FEMA compliance ensures all FDI transactions are properly reported to RBI.

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