When is the APR filing deadline?

The APR for any financial year ending March 31 must be submitted to your AD Bank by December 31 of the same calendar year. Missing this deadline triggers automatic remittance blocks by the AD Bank and RBI flags your UIN.

What documents are required for APR filing?

You need audited financials of the foreign entity (balance sheet, P&L, cash flow), shareholding pattern, board resolution, prior-year APR acknowledgement, Form FC copies for remittances during the year, and the UIN allotment letter from RBI.

Can I file APR myself or do I need a CA?

The APR must be signed off by a practising Chartered Accountant or equivalent foreign auditor (US CPA, UK ICAEW/ACCA, Singapore ISCA). You cannot self-file — the audit must be conducted by a licensed auditor in the host country's GAAP/GAAS.

What happens if I miss the December 31 deadline?

Your AD Bank is required to block all outward remittances to that entity, RBI flags the UIN, and a compounding application under FEMA Section 13 becomes necessary. Penalties can range from ₹10,000 to three times the amount involved.

What is a UIN and how do I get one?

The Unique Identification Number (UIN) is allotted by RBI for each overseas entity at the time of first remittance via Form FC-GPR. Under OI Rules 2022, the UIN is mandatory for all APR filings and ODI reporting. We handle UIN allotment as part of our ODI compliance service.

Can I invest in any country under the ODI route?

Most jurisdictions are permitted under the automatic route. Investments into entities in FATF non-compliant or sanctioned countries require RBI approval. We review your target jurisdiction before the first remittance.

Do I need to report disinvestment or restructuring?

Yes — any sale, transfer, write-off, or capital restructure must be reported via Form FC within 30 days, supported by a CA certificate and board resolution. Missed restructuring reports are a common FEMA compounding trigger.

Why does my APR need a foreign-qualified auditor?

RBI accepts financials prepared and signed off in the format and standards of the host country. A US WOS needs US GAAP-compliant statements audited by a US CPA. A UK Ltd needs ICAEW-standard reports. Accorp is licensed in all major jurisdictions.

Can one engagement cover subsidiaries in several countries?

Yes. We coordinate a single project plan across jurisdictions so you have one timeline, one documentation trail, and consolidated support for your Indian parent's APR and ODI filings.

Which audit reports does the AD Bank accept?

Reports must follow the host jurisdiction's company law and audit standards (e.g. PCAOB-aligned for the US, FRC-aligned for the UK, ISCA/ACRA for Singapore). We deliver in those formats so your AD Bank can upload to FIRMS without rework.

What if we missed APR filings for prior years?

Prior-year gaps must be regularised before RBI and your AD Bank will treat the ODI record as clean. We reconstruct filings, obtain audited financials for missed years, and file compounding where required.

How does FEMA compounding work for APR delays?

Voluntary compounding under Section 13 involves an application to RBI with full disclosure, fee, and supporting CA certificates. Outcomes depend on delay length and circumstances; we prepare the application pack and liaise with RBI.

Can outward remittances be unblocked after fixing APR issues?

Once the APR is filed, acknowledged, and any compounding is disposed of, your AD Bank can remove blocks subject to RBI standing. We track acknowledgements and follow up until remittances are operational again.

APR Audit | US CPA, UK ICAEW | Dec 31 Fixed Fee

UK Branch Office

Office 571 182-184 High Street

North, East Ham, London E6 2JA, UK