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FEMA COMPLIANCE & ADVISORY SERVICES
Navigate India's foreign exchange regulations with confidence. Expert FEMA compliance, advisory, and regulatory support for cross-border transactions, FDI, ODI, and international business operations
What is FEMA?
Foreign Exchange Management Act (FEMA) is India's principal legislation governing foreign exchange transactions and cross-border capital flows
Regulatory Framework
FEMA, enacted in 1999, replaced FERA to facilitate external trade and payments while maintaining orderly development of foreign exchange markets in India.
Foreign Exchange Transactions
Governs all foreign exchange dealings including current account transactions, capital account transactions, FDI, ODI, ECB, and remittances by residents and non-residents.
RBI Administration
Reserve Bank of India administers FEMA regulations through circulars, master directions, and notifications that define permissible foreign exchange transactions and compliance requirements.
FEMA Compliance Process
Systematic approach to ensuring FEMA compliance for cross-border transactions and foreign exchange dealings
Transaction Structure Assessment
Analyze proposed foreign exchange transaction to determine FEMA applicability, route (automatic vs. government approval), sectoral caps, pricing guidelines, and documentation requirements.
Regulatory Route Determination
Identify whether transaction qualifies under automatic route or requires prior RBI/Government approval. Assess compliance with sectoral regulations, FDI policy, and ODI framework.
Documentation & Structuring
Prepare required documentation including board resolutions, valuation reports, shareholder agreements, Form FC-GPR, Form FC-TRS, ODI forms, and compliance certificates.
RBI Reporting & Compliance
File required reports with RBI through authorized dealer banks. Complete advance remittance reporting, annual return on FDI (ARF), foreign liabilities and assets (FLA) return, and ECB reporting.
Approval Process (If Required)
For transactions requiring government/RBI approval, prepare detailed application with justification, business rationale, and supporting documentation. Coordinate with regulatory authorities.
Ongoing Compliance & Monitoring
Maintain FEMA compliance through timely reporting, monitoring pricing guidelines adherence, downstream investment tracking, and periodic compliance audits.
Our Comprehensive FEMA Services
End-to-end FEMA compliance and advisory solutions for all cross-border transactions
FDI Advisory & Compliance
Complete FDI structuring, sectoral analysis, pricing compliance, FC-GPR/FC-TRS filing, ARF reporting, and downstream investment monitoring for foreign investments in India.
ODI Services
Overseas direct investment planning, regulatory approvals, ODI form filing (ODI Part I, II, III), annual performance reports, step-down subsidiary compliance, and exit planning.
ECB & Trade Credits
External commercial borrowing structuring, all-in-cost compliance, ECB-2 return filing, refinancing advisory, and buyer's/supplier's credit compliance under trade credit regulations.
FEMA Reporting & Filings
Timely preparation and filing of all RBI reports including ARF, FLA, ESOP reporting, LEC filings, capital account transactions reporting, and liaison office annual activity certificates.
FEMA Compliance Audits
Comprehensive FEMA compliance reviews, gap analysis, remediation planning, due diligence for M&A transactions, and representation during regulatory inspections and investigations.
RBI Approvals & Litigation
Preparation and processing of RBI/Government approval applications, compounding applications for FEMA violations, and representation in adjudication and appellate proceedings.
Cross-Border M&A Advisory
FEMA structuring for inbound and outbound acquisitions, share purchase/swap compliance, deferred consideration arrangements, escrow mechanisms, and post-merger integration compliance.
ESOP & Stock Compensation
FEMA compliance for employee stock option plans, restricted stock units, ADR/GDR issuance, NRI employee compensation, and Form FC-GPR reporting for ESOP exercises.
FEMA Training & Updates
Regular FEMA training programs for finance teams, compliance workshops, regulatory update alerts, and ongoing advisory support for evolving RBI regulations and master directions.
Trusted FEMA Compliance Partner
Our FEMA practice has supported thousands of cross-border transactions and helped businesses navigate India's foreign exchange regulations successfully.
Types of FEMA Services We Offer
Comprehensive foreign exchange management solutions tailored to your business needs
FDI Advisory & Structuring
Complete foreign direct investment advisory including entry route selection, sectoral compliance, pricing regulations, and post-investment reporting.
ODI Compliance & Reporting
Overseas direct investment services covering investment planning, regulatory approvals, ODI filings, and annual compliance requirements.
ECB & Foreign Borrowings
External commercial borrowing advisory for loan structuring, RBI compliance, ECB reporting, and refinancing solutions.
Current Account Transactions
Advisory on permissibility and compliance for imports, exports, travel remittances, and other current account transactions.
FEMA Compliance Audit
Comprehensive FEMA compliance review, gap analysis, remediation support, and regulatory representation services.
FEMA Compounding & Litigation
Compounding applications for FEMA violations, litigation support, and representation before RBI and adjudication authorities.
Related Cross-Border Compliance Services
Strengthen your international operations with our comprehensive suite of cross-border compliance and advisory services
Transfer Pricing Services
Comprehensive transfer pricing documentation, benchmarking studies, advance pricing agreements, and compliance with OECD and local regulations.
International Tax Planning
Strategic tax planning for multinational operations including entity structuring, treaty optimization, withholding tax compliance, and global tax efficiency.
India Entry & Incorporation
Complete India entry strategy, entity formation (subsidiary, branch, LO, project office), registration services, and regulatory compliance setup.
GST & Customs Advisory
GST registration and compliance, customs duty optimization, import-export procedures, and indirect tax planning for cross-border trade.
Business Valuation Services
Independent valuations for FEMA pricing compliance, FDI/ODI transactions, share buyback, preferential allotment, and regulatory requirements.
Corporate Secretarial Services
ROC compliance, board meeting management, statutory filings, MCA compliance, annual returns, and corporate governance advisory.