Details

The Foreign Exchange Management Act (FEMA), 1999 governs inbound and outbound transactions involving foreign exchange in India. Businesses and individuals engaged in cross-border transactions—whether related to investments, remittances, property, or trade—must comply with FEMA provisions and associated Reserve Bank of India (RBI) regulations.

At Tanmeetkaur Arora and Associates, we offer structured advisory and compliance services to ensure adherence to FEMA norms, mitigate regulatory risks, and facilitate smooth financial transactions across borders.

Scope of Services

Inbound Investment Compliance

• Advisory on permissible routes for foreign direct investment (FDI)

• Assistance in filing Form FC-GPR with RBI for equity investments

• Guidance on sectoral caps, pricing guidelines, and KYC requirements

• Support in documentation for reporting under the RBI’s FIRMS portal

Outbound Investment (ODI) Support

• Advisory on setting up overseas subsidiaries, joint ventures, or branches

• Assistance in filing Form ODI and compliance with RBI’s ODI Master Directions

• Support in remittance procedures, funding options, and post-investment reporting

NRI & Individual Transactions

• Repatriation of sale proceeds of assets held in India

• Advisory on gift and inheritance transactions across borders

• FEMA compliance in cases of immovable property acquisition/disposal by NRIs or PIOs

• Filing of Form 15CA/15CB for remittances outside India

General Compliance and Approvals

• Compounding applications for FEMA contraventions

• Assistance in obtaining RBI permissions and clarifications where required

• Review of foreign currency transactions for compliance health check

• Guidance on ECB (External Commercial Borrowing) and LRS (Liberalised Remittance Scheme)

Regulatory Framework

• FEMA, 1999 and associated rules and regulations

• Master Directions and circulars issued by the Reserve Bank of India (RBI)

• Income Tax Act provisions applicable to cross-border transactions

Key Considerations

• Advice is based on the nature, purpose, and structure of the transaction

• Documentation and filings are handled in line with RBI’s digital compliance portals

• All information and records are managed with utmost confidentiality

Our FEMA consultation services are suited for individuals, NRIs, startups, and businesses engaged in global financial activities requiring cross-border regulatory clarity and compliance.