FEMA & FDI compliance for foreign-owned Indian companies.
Whenever a foreign parent invests in India, FEMA rules apply. We keep your India entity 100% FEMA and FDI compliant year-round — capital remittance, share allotment, FC-GPR, and annual FLA filings, all handled by a dedicated desk.
Every equity investment from a foreign shareholder requires FC-GPR filing on the RBI FIRMS portal, within 30 days of share allotment. Share allotment itself must happen within 60 days of receiving capital. Missing these deadlines can attract penalties under Section 13 of FEMA — we track every date so nothing slips.
Three dates drive most FEMA compliance.
Miss any of these and you're looking at penalties, regulatory notices, or delays in your next funding round.
| Filing / event | Deadline | Where it happens |
|---|---|---|
| Share allotment | Within 60 days of capital receipt | Board resolution + statutory registers |
| FC-GPR filing | Within 30 days of share allotment | RBI FIRMS Portal |
| FLA annual return | By 15 July every year | RBI FIRMS Portal |
Coverage before, during, and after capital comes in.
FEMA compliance isn't a single event — it's a cycle that starts before you remit funds and continues every year after.
- Purpose code guidance
- Bank documentation
- Advising on valuation rules
- Structuring shareholding and investment flow
- Coordinating with your AD Bank
- Ensuring correct purpose codes
- Checking FIRS (Foreign Inward Remittance Statement)
- Ensuring UIN generation, if required
- Share allotment timelines
- Valuation reports, where required
- Board resolutions
- FC-GPR preparation and submission
- FLA return filing
- Documentation maintenance
- Support for group auditors
- Guidance for future capital rounds
A seven-step process, from planning to advisory.
Pre-FDI guidance
We guide you on purpose codes, shareholding, valuation rules, and timelines before any capital moves.
Capital remittance coordination
We work with your bank to ensure the correct purpose code, FIRS generation, and accurate remittance paperwork.
Share allotment
We help you complete share allotment, board approvals, statutory registers, and compliance documentation.
FC-GPR filing
We prepare and file FC-GPR on the FIRMS portal — attachments, share certificate support, CA/CS certification, and bank documentation.
FLA annual return
Filed every year for all foreign-owned companies — we ensure accuracy, correct classification, and timely submission.
Capital changes across the year
Support for additional capital, conversion of loans into equity, rights issues, preference shares, buybacks, and exit or disinvestment.
Ongoing FEMA advisory
Advice on intercompany agreements, transfer pricing alignment, reimbursements, and expense-sharing models as your India entity evolves.
A dedicated desk, not a side function.
Because we specialise only in foreign-owned entities, our FEMA/FDI function is integrated into incorporation, accounting, payroll, tax, and ROC compliance — everything syncs together, not siloed across vendors.
A simple checklist for each filing.
Common questions about FEMA & FDI compliance.
Is FC-GPR mandatory for every foreign investment?
+What happens if FC-GPR is delayed?
+Do reimbursements require FEMA compliance?
+Is valuation required for foreign investment?
+What is the deadline for the annual FLA return?
+Ready to get your FEMA compliance in order?
Schedule a no-obligation discovery call. We'll review your capital structure and outline a clear compliance plan.
Schedule a consultation Write to rohit@krprassociates.com