NRI & International Services

FEMA / FDI / ODI Compliance

Cross-Border Investments — FEMA Compliant, RBI Approved

✦ FDI Reporting Done Right ✦ ODI Structuring & Filings ✦ RBI Approval Assistance
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What is FEMA Compliance?

The Foreign Exchange Management Act, 1999 (FEMA) governs all foreign exchange transactions in India — including Foreign Direct Investment (FDI) into Indian companies, Overseas Direct Investment (ODI) by Indian entities abroad, External Commercial Borrowings (ECB), and cross-border asset transfers. FEMA is administered by the Reserve Bank of India (RBI) through its Authorised Dealer banks and Regional Offices.

FEMA compliance involves filing mandatory reports (FC-GPR for FDI receipt, FC-TRS for share transfer, ODI returns for overseas investments), obtaining prior RBI approval for restricted transactions, and maintaining prescribed documents for RBI inspection. Non-compliance attracts penalties of up to 3 times the amount involved or ₹2 lakh per day — making this one of the most consequential compliance areas for cross-border businesses.

VITTAX's FEMA team assists startups receiving foreign funding, promoters investing abroad, companies with NRI shareholders, and businesses structuring international joint ventures — handling all filings, opinions, and RBI representations.

⚠️ Non-compliance attracts penalties of up to 3 times the amount involved or ₹2 lakh per day — one of the most consequential compliance areas for cross-border businesses.

Who Needs FEMA Advisory?

✔ Startups Receiving FDI: Indian startups receiving FDI from foreign VCs, angels, or corporate investors
✔ Share Transfers: Indian companies with NRI shareholders transferring shares
✔ Overseas Expansion: Indian businesses establishing wholly-owned subsidiaries (WOS) abroad
✔ NRI Property: NRIs purchasing immovable property in India or repatriating sale proceeds
✔ ECB Borrowers: Companies raising External Commercial Borrowings (ECB) from foreign lenders

Key FEMA Services

🌍 FDI (Foreign Direct Investment)

• FDI eligibility check — sector, route (automatic vs. approval), entry conditions
• FC-GPR filing on FIRMS portal (within 30 days of allotment)
• FC-TRS filing for share transfer between resident and non-resident
• Annual Return on Foreign Liabilities & Assets (FLA return — July 15 deadline)

🌐 ODI (Overseas Direct Investment)

• ODI structuring — eligible routes, limits, conditions
• APR (Annual Performance Report) filing for overseas entities
• RBI approval applications for restricted ODI transactions

📋 Other FEMA

• NRI property purchase / sale FEMA compliance
• ECB structuring, reporting, and end-use compliance
• Compounding of FEMA contraventions (RBI compounding proceedings)

Pricing

FC-GPR Filing

₹5,999 per filing

Single FDI reporting post equity allotment

Ideal for: Startups and companies receiving first FDI round

  • ✓ FC-GPR preparation and filing
  • ✓ FIRMS portal submission
  • ✓ ARF if applicable
  • ✓ Compliance checklist
VITTAX Fee: ₹5,999 per filing  |  Govt. Fees: Nil
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POPULAR

FEMA Compliance Package

₹19,999/year

Annual FEMA compliance for FDI companies

Ideal for: Companies with existing FDI and regular transactions

  • ✓ FC-GPR / FC-TRS filings
  • ✓ FLA Annual Return
  • ✓ FEMA opinion for transactions
  • ✓ RBI correspondence support
VITTAX Fee: ₹19,999/year  |  Govt. Fees: Nil
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FEMA Advisory Retainer

₹39,999/year

Ongoing FEMA & RBI advisory

Ideal for: Multi-round funded startups, holding structures, JVs

  • ✓ Unlimited FEMA opinions
  • ✓ All filings included
  • ✓ RBI approval drafting
  • ✓ Compounding assistance
  • ✓ Quarterly review call
VITTAX Fee: ₹39,999/year  |  Govt. Fees: Nil
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FAQs

What is the FLA return and who must file it?

The Annual Return on Foreign Liabilities and Assets (FLA) must be filed by July 15 by every Indian company/LLP that has received FDI or made overseas investment — even if no new transactions occurred during the year. Non-filing attracts a flat penalty.

Can FEMA contraventions be regularised?

Yes — through RBI's Compounding mechanism. We assist with the compounding application, calculation of penalty, and representation before RBI.

Quick Enquiry

FC-GPR Filing₹5,999
FEMA Compliance Pack₹19,999/yr
Advisory Retainer₹39,999/yr

At a Glance

FC-GPR Deadline30 Days of Allotment
FLA Return DeadlineJuly 15
Max Penalty3x Amount / ₹2L/day
Govt. FeesNil

⚡ Key FEMA Forms

FC-GPRFDI — Share Allotment
FC-TRSShare Transfer
FLA ReturnAnnual (July 15)
APRODI Annual Report

Navigate FEMA Compliance with Confidence — Consult VITTAX Today

FC-GPR, FC-TRS, FLA return, ODI filings, RBI approvals — all handled by our FEMA specialists

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