Advisory & Growth
FEMA & FDI Compliance
Mandatory FEMA compliance for startups receiving foreign investment — FC-GPR, FC-TRS, ODI filings and annual RBI reporting.
Overview
Any Indian company receiving foreign investment must comply with FEMA regulations and RBI reporting requirements. Non-compliance can result in penalties up to 3x the amount involved.
We handle all FEMA filings including FC-GPR (foreign investment), FC-TRS (share transfers), ODI (outward investment) and annual returns.
Key Benefits
- Mandatory for companies with foreign shareholders or investors
- Heavy penalties for non-compliance (up to 3x)
- Required for all VC/angel investments from foreign sources
- Annual FEMA return filing obligation
- Critical for exit and secondary transactions
Documents Required
- Investment details and fund flow
- Share allotment/transfer documents
- Valuation report (FEMA-compliant)
- KYC of foreign investors
- FIRC (Foreign Inward Remittance Certificate)
Process
- FDI route and sector analysis
- Documentation preparation
- FC-GPR/FC-TRS filing with RBI
- Annual FEMA return filing
- Ongoing compliance advisory
FAQs
What is FC-GPR filing?
FC-GPR (Foreign Currency-Gross Provisional Return) must be filed with RBI within 30 days of share allotment to foreign investors. It reports the details of foreign investment received by the company.
Timeline
FC-GPR to be filed within 30 days of allotment. Annual return by July 15.
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