FEMA

Our FEMA services assist clients in complying with foreign exchange regulations in India, including inbound/outbound investments, RBI filings, ODI/FDI structuring, compounding, and advisory on transactions under FEMA and RBI guideline

Our FEMA (Foreign Exchange Management Act) services provide comprehensive support to businesses and individuals in managing cross-border transactions in compliance with Indian foreign exchange laws. We assist with structuring and reporting of inbound and outbound investments, foreign direct investment (FDI), external commercial borrowings (ECBs), overseas direct investment (ODI), and remittances. Our services include obtaining approvals under the automatic and approval routes, setting up and maintaining branch, liaison, and project offices in India, and handling compounding applications for FEMA contraventions. We ensure seamless regulatory adherence while enabling smooth capital flows and international transactions aligned with client objectives.

FEMA?

FEMA Compliance Management

We offer comprehensive support for FEMA and RBI compliance, including preparation and filing of statutory forms such as FC-GPR, FC-TRS, ECB returns, Annual Performance Reports (APR), FLA returns and ODI filings. Our services ensure timely submissions, accurate disclosures, and full adherence to regulatory requirements governing cross-border investments and foreign exchange transactions.
Compounding and Advisory on FEMA Contraventions

We guide clients in identifying FEMA violations, preparing compounding applications, and representing before the RBI for resolution. Our advisory focuses on the most complaint strategy to maintain a clean compliance track record in line with evolving regulatory expectations.
Setup and Structuring of Branch and Public Liaison Offices

We assist foreign entities in establishing Branch, Liaison, or Project Offices in India, including preparation of applications, RBI approvals, and ongoing compliance. Our end-to-end support ensures smooth market entry while addressing FEMA, tax, and operational considerations for successful establishment and functioning of these offices.

Our Process

01.

Initial Client Discussion & Information Gathering

We begin by understanding the client’s business model, nature of foreign transactions, and specific regulatory concerns. This includes reviewing entity type (foreign/inbound), investment structure, and past compliance history.
02.

Preliminary Assessment & Regulatory Mapping

Our team evaluates applicable FEMA/RBI regulations based on the transaction type—FDI, ODI, ECB, remittance, etc.—and identifies required filings (e.g., FC-GPR, FC-TRS, APR, ODI, FLAs).
03.

Scoping & Documentation Review

We assess the scope and complexity of the assignment, review relevant documents (agreements, shareholding, bank remittances), and highlight any gaps or risks requiring regularization or clarification. Regulatory Preparation – Draft necessary forms, compile documents for RBI/FIPB approvals.
04.

Internal Discussion & Team Allocation

We structure a team with expertise in FEMA, tax, and regulatory matters. Resource planning is done to ensure timely delivery, technical accuracy, and representation if required.
05.

Drafting & Finalizing Scope of Work

Based on findings and discussions, we outline the specific deliverables—filings, advisory notes, representations—and timelines for execution, while also noting client responsibilities (e.g., supporting documents).
06.

Proposal Preparation & Submission

We prepare and submit a formal proposal detailing the scope, deliverables, timelines, commercials, and engagement terms, allowing the client to review and proceed toward onboarding.

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We Are Here To Help

What are the key compliances under FEMA for foreign investments?

Key FEMA compliances include filings like FC-GPR (for issue of shares to foreign investors), FC-TRS (for share transfers), ECB returns, ODI filings, and APR submissions for overseas investments.

What is a compounding application under FEMA, and when is it needed?

Compounding is a voluntary mechanism for regularizing unintentional FEMA violations. If a business misses a filing or violates conditions, it can apply to RBI to settle the matter by paying a penalty.

Can a foreign company open a branch or liaison office in India?

Yes, subject to RBI approval. We assist in preparing and submitting the required applications and documentation for setting up a Branch Office (BO), Liaison Office (LO), or Project Office (PO) in India

What is the purpose of a FEMA health check or due diligence exercise?

A FEMA health check is a diagnostic review of your foreign exchange transactions and filings to identify any compliance gaps, risks, or past non-reporting that may require correction or compounding

What is the timeline for FEMA filings like FC-GPR and APR?

FC-GPR must be filed within 30 days from the date of share allotment. Annual Performance Reports (APR) for ODI investments are due by December 31 each year for the previous financial year

Can you assist in coordinating with AD banks for FEMA filings?

Absolutely. We liaise with Authorised Dealer (AD) banks to ensure proper certification, submission of forms like Form FC-GPR, FC-TRS, FC, APR, ECB where applicable, and resolution of bank/RBI queries.

FEMA Solutions

How TRC's FEMA Help Your Company?

We reimagine FEMA to enhance compliance, boost brand value, and drive growth. Partner with us to unlock your business’s full potential.

Address

Enkay Square, Plot No - 448A, 6th Floor, Udyog Vihar, Phase- V, Sector 19, Gurugram, Haryana - 122016

Email address

business@trcconsulting.org

Mobile number

+91–8882828822

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