Advisory & Growth

FEMA & FDI Compliance

Mandatory FEMA compliance for startups receiving foreign investment — FC-GPR, FC-TRS, ODI filings and annual RBI reporting.

Overview

Any Indian company receiving foreign investment must comply with FEMA regulations and RBI reporting requirements. Non-compliance can result in penalties up to 3x the amount involved.

We handle all FEMA filings including FC-GPR (foreign investment), FC-TRS (share transfers), ODI (outward investment) and annual returns.

Key Benefits

  • Mandatory for companies with foreign shareholders or investors
  • Heavy penalties for non-compliance (up to 3x)
  • Required for all VC/angel investments from foreign sources
  • Annual FEMA return filing obligation
  • Critical for exit and secondary transactions

Documents Required

  • Investment details and fund flow
  • Share allotment/transfer documents
  • Valuation report (FEMA-compliant)
  • KYC of foreign investors
  • FIRC (Foreign Inward Remittance Certificate)

Process

  1. FDI route and sector analysis
  2. Documentation preparation
  3. FC-GPR/FC-TRS filing with RBI
  4. Annual FEMA return filing
  5. Ongoing compliance advisory

FAQs

What is FC-GPR filing?

FC-GPR (Foreign Currency-Gross Provisional Return) must be filed with RBI within 30 days of share allotment to foreign investors. It reports the details of foreign investment received by the company.