FEMA Compliance
The Foreign Exchange Management Act (FEMA) governs all foreign exchange transactions in India — inward foreign direct investment, overseas direct investment, external commercial borrowings, NRI property transactions, and remittances. Violations attract heavy penalties. BSP Associate provides FEMA compliance services including RBI reporting for FDI and ODI, FEMA advisory for NRI clients, LRS remittance compliance, and representation before the Enforcement Directorate for compounding of FEMA violations.
What's Included
Everything you get when you engage BSP Associate for FEMA Compliance.
- FDI reporting — Form FC-GPR and FC-TRS on RBI FIRMS portal
- ODI reporting — Form ODI for overseas investments
- External Commercial Borrowing (ECB) compliance and reporting
- LRS remittance advisory and annual limit tracking
- NRI property purchase and sale FEMA compliance
- Compounding application for past FEMA violations
- FEMA advisory for cross-border business structures
Documents Required
Have these ready before you reach out — it speeds things up considerably.
Documents You'll Need
Please arrange these before your consultation
- Share subscription or transfer agreement (for FDI transactions)
- Board resolution approving FDI or ODI
- Valuation certificate from a SEBI-registered valuer
- Certificate of Incorporation of Indian and foreign entities
- Bank inward remittance certificate (FIRC) for FDI
- Details of the overseas entity (for ODI transactions)
- Previous RBI filings on FIRMS portal (if any)
Don't have these? We'll prepare them for you.
BSP Associate can draft and file all of the following
- Form FC-GPR for FDI reporting
- Form FC-TRS for share transfer reporting
- Form ODI for overseas direct investment
- Compounding application to RBI for FEMA violations
- FEMA compliance checklist for ongoing transactions
Frequently Asked Questions
Common questions about FEMA Compliance.
FEMA covers all foreign exchange transactions — current account transactions (trade, services, remittances) and capital account transactions (FDI, FPI, ODI, ECB, NRI deposits, property transactions). Current account transactions are generally permissible subject to compliance with reporting requirements. Capital account transactions require specific RBI approval or compliance with applicable regulations.
BS Balaji
Founder & Principal Consultant
Have questions about FEMA Compliance? Get a free consultation — no commitment, no jargon.
Book Free ConsultationWhatsApp UsLet's Sort Your Taxes & Compliance Together
Book a free consultation with BSP Associate and get a clear picture of your tax obligations, deadlines, and savings opportunities — no jargon, no surprises.