FEMA & RBI Compliance Advisory Stay Fully Compliant with India’s Foreign Exchange Laws
Dealing with foreign investment, overseas transactions, or cross-border structuring in India? Non-compliance can lead to heavy penalties and regulatory scrutiny. We keep you protected and compliant.
- FEMA Compliance & Advisory
- RBI Filings & Reporting
- FDI Structuring & Advisory
- Compounding & Regularization
What is FEMA Compliance?
The Foreign Exchange Management Act (FEMA), 1999 is the primary law governing all foreign exchange transactions in India. Compliance is mandatory for every business, investor, or entity involved in cross-border financial activity — without exception.
- Foreign Investments in India — FDI inflows, reporting & sectoral caps
- Overseas Investments by Indian Entities — ODI regulations & filings
- Cross-Border Transactions — ECB, remittances & trade finance
Warning: Non-compliance with FEMA can result in heavy penalties, compounding proceedings, and regulatory scrutiny by the Enforcement Directorate (ED).
Comprehensive FEMA & RBI Compliance Services
End-to-end advisory covering every aspect of foreign exchange regulation in India.
FDI Compliance & Reporting
FC-GPR filing for foreign investment reporting, FC-TRS filing for transfer of shares, and downstream investment compliance management.
RBI Approvals & Filings
Liaison, Branch and Project Office approvals, External Commercial Borrowing (ECB) filings, and Overseas Direct Investment (ODI) compliance.
FEMA Advisory & Structuring
Entry route advisory covering Automatic vs Approval routes, sector-wise FDI analysis, and transaction structuring for optimal compliance.
Compounding & Regularization
Expert handling of FEMA violations, preparation and filing of RBI compounding applications, and legal representation throughout the process.
Ongoing Compliance Support
Annual filings and reporting, FEMA audit support, and proactive advisory on regulatory changes affecting your business and transactions.
Cross-Border Transaction Advisory
Structuring and compliance guidance for overseas remittances, trade finance, intercompany loans, and other cross-border transactions.
Common FEMA Compliance Risks
These violations attract penalties, compounding proceedings, and ED scrutiny. Avoid them with expert advisory.
Delayed FC-GPR Filing
Failure to report foreign investment to RBI within the prescribed timeline attracts automatic penalties
Incorrect FDI Reporting
Errors in valuation, pricing, or category classification in FDI reports can trigger regulatory action
Non-Compliance with Sectoral Caps
Receiving FDI beyond the permissible limit in a restricted sector is a serious FEMA contravention
Unreported Cross-Border Transactions
Overseas transactions, remittances, or borrowings not disclosed to RBI are treated as FEMA violations
Violations can be regularized through RBI compounding — but proactive compliance is always the better approach. We help you stay ahead.
Who Needs FEMA & RBI Advisory?
If your business touches foreign exchange in any form, FEMA compliance is mandatory.
Foreign Companies Operating in India
Indian Companies Receiving FDI
Startups Raising Foreign Investment
Businesses Making Overseas Investments
NRIs & Global Investors
Our Compliance Advisory Process
A structured approach to ensure your business is fully covered under FEMA and RBI regulations.
Compliance Assessment
Review your current structure, transactions & identify FEMA exposure
Advisory & Structuring
Identify risks, optimize your compliance framework & structure transactions
Filing & Documentation
Prepare and accurately submit all required RBI filings and reports
Ongoing Monitoring
Continuous compliance tracking, regulatory updates & audit readiness
Flexible Engagement Options
Choose the level of support that suits your business complexity and transaction volume.
One-Time FEMA Advisory
For specific transactions, entry structuring, or a targeted compliance review of existing arrangements
Filing & Documentation Support
Accurate preparation and timely submission of FC-GPR, FC-TRS, ECB, ODI, and other RBI filings
Monthly Compliance Retainer
Ongoing FEMA compliance management, annual filings, audit support, and regulatory change advisory
Customized pricing based on complexity & transaction size. Contact us for a quote →
Why S.K. Agrawal & Co.?
Specialized FEMA & RBI Experts
Experience in Cross-Border Transactions
End-to-End Compliance Support
Fast & Accurate Filing
Trusted by Corporates & Startups
Global Advisory with Indian Regulatory Expertise
Based in Delhi & Faridabad, we serve clients across India and globally on all FEMA and RBI compliance matters.
Stay Compliant. Avoid Penalties.
Get a FREE FEMA compliance review with our expert. Protect your business from regulatory risk today.
Frequently Asked Questions
FEMA compliance refers to adherence to the Foreign Exchange Management Act, 1999 — the primary law governing all foreign exchange transactions in India. It covers FDI inflows, overseas investments, cross-border remittances, ECBs, and more. Non-compliance attracts penalties and compounding proceedings by the RBI or Enforcement Directorate.
FC-GPR (Foreign Currency — Gross Provisional Return) is a mandatory report filed with the RBI by an Indian company whenever it receives foreign direct investment and allots shares to a foreign investor. It must be filed within 30 days of allotment. Delays attract automatic penalties.
FC-TRS (Foreign Currency — Transfer of Shares) is filed when there is a transfer of shares between a resident and a non-resident, or vice versa. It must be reported to the AD Bank within 60 days of receipt or payment of sale consideration.
FEMA violations can attract penalties up to three times the amount involved in the contravention. However, violations can be regularized through an RBI compounding application — a process we fully support. Prompt action is critical to minimize penalties and avoid further regulatory escalation.
Not always. Many FDI transactions are permitted under the Automatic Route, requiring only reporting to the RBI after the fact. However, certain sectors and transaction types require prior Government or RBI Approval. We advise you on the correct route for your specific transaction.
ODI (Overseas Direct Investment) compliance covers the regulatory requirements for Indian entities investing in foreign companies — including prior approvals, reporting to the AD Bank via Form ODI, and annual reporting obligations. We manage the entire ODI compliance lifecycle.
Yes. We provide full support for FEMA compounding — from assessing the nature of the violation, preparing the compounding application, liaising with the RBI, and representing your interests through the process to achieve regularization at the earliest.
It depends on the type of transaction and the applicable reporting requirement. FC-GPR must be filed within 30 days of share allotment. FC-TRS within 60 days of transfer. ODI annual reports are filed every year. Some filings are event-based while others are periodic — we track and manage all deadlines for you.