Foreign Exchange Management Act (FEMA) Compliance

India's FEMA regulations govern all cross-border transactions, foreign investments, and overseas remittances. Non-compliance can attract penalties up to three times the amount involved. KC Shah & Associates provides comprehensive FEMA advisory and compliance services for businesses with international operations.

Our FEMA & RBI Services

  • FDI Compliance — FC-GPR, FC-TRS, downstream investment filings
  • ODI Compliance — Overseas Direct Investment reporting & approvals
  • Branch / Liaison Office — Setup, annual activity certificates & closures
  • ECB Compliance — External commercial borrowing filing & advisory
  • Compounding Applications — For FEMA contraventions before RBI
  • Annual Return on Foreign Assets — Schedule FA reporting in ITR

Frequently Asked Questions

When is FC-GPR filing required?

FC-GPR must be filed within 30 days of allotment of shares to a foreign investor. Late filing attracts penalties and can complicate future transactions.

Can a foreign company set up a branch in India?

Yes. Foreign companies can establish a Branch Office, Liaison Office, or Project Office in India with RBI approval. We handle the complete application and compliance process.

What happens if FEMA compliance is missed?

Non-compliance can attract penalties up to three times the amount involved or ₹2 lakhs per day of default. We can help regularize past non-compliance through compounding applications.