FEMA Advisory: FDI, Overseas Investment, ECB and Export-Import
What we do
FDI inflows: structuring and reporting
Eligibility by sector and entry route, pricing compliance, and the reporting that follows an allotment or transfer of shares, filed through RBI's reporting portal with your authorised dealer bank.
Overseas investment
Structuring and reporting for Indian entities and residents investing abroad, including the annual reporting that follows.
External commercial borrowings
Eligibility, permitted end-use, loan registration and the periodic returns that follow.
Export-import compliance
Export Declaration Forms, tracking of realisation periods, extension requests and bank liaison under the unified export-import regulations in force from 1 October 2026.
NRI investments, property and remittances
Account types, investment routes, sale of property, repatriation within the limits and the tax compliance that must accompany it.
Annual return on foreign liabilities and assets
Preparing and filing the annual return that companies with foreign investment must submit to RBI.
Compounding and regularisation
Assessing late or missed filings, preparing the application to RBI and presenting facts clearly, with the late submission fee where it applies.
Remittance certification support
Preparing the information for foreign remittances. The Chartered Accountant's certificate that some remittances require is issued through PSP & Associates.
Who this is for
- Indian companies receiving foreign investment
- Foreign companies setting up in India
- Exporters and importers of goods, software and services
- NRIs investing in or selling property in India
- Companies borrowing from overseas lenders
- Businesses that have missed an RBI filing
Key facts
| Topic | Position |
|---|---|
| Share allotment to a foreign investor | Reported on Form FC-GPR, typically within 30 days of allotment |
| Transfer of shares involving a non-resident | Reported on Form FC-TRS, typically within 60 days of transfer |
| Annual FLA return | Typically due by 15 July each year |
| Export realisation (from 1 October 2026) | Generally 9 months, or 12 months for exports invoiced or settled in rupees |
How it works
Map
We map the transaction against FEMA rules, the entry route and the forms involved.
Prepare
Documents, valuation or pricing support and the filing pack.
File
Filing with your authorised dealer bank within the prescribed window.
Monitor
Calendar for annual returns, realisation deadlines and follow-ups.
Frequently asked questions
What is FEMA and who does it affect?
The Foreign Exchange Management Act, 1999 regulates foreign exchange transactions in India. It affects companies receiving or making foreign investment, exporters and importers, borrowers from overseas lenders, and individuals who hold or move money across borders, including NRIs.
What are the timelines for reporting foreign investment?
Reporting of an allotment of shares to a foreign investor is typically required within 30 days, and reporting of a transfer of shares typically within 60 days. RBI revises these requirements from time to time, so we confirm the current rule before filing.
What changed for exporters from 1 October 2026?
A unified set of export-import regulations took effect on 1 October 2026, with a 9-month period to realise export proceeds in most cases. Our article on the new regulations explains the changes and gives a checklist.
What is compounding under FEMA?
Compounding is a process under which RBI can settle a contravention on application, usually for a monetary payment, without a prosecution. It is used for late filings and other procedural breaches, and a clean, early application helps.
Can NRIs repatriate the sale proceeds of property in India?
Yes, within the limits and conditions that apply to the type of account and the property, and subject to tax being paid and certified. Currently NRO balances can generally be repatriated up to USD 1 million per financial year. We confirm the current position for your case.
Do you handle applications to RBI?
Most requests go through your authorised dealer bank. We prepare the application, the explanation and the supporting documents, and coordinate with the bank. Certificates that must come from a Chartered Accountant are issued through PSP & Associates.
This page is general information and not professional advice for any specific situation. Rules and due dates change; we confirm the current position before acting. Last reviewed 2026-10-17.