Indian companies receiving foreign investment must comply with FEMA: follow FDI sectoral caps and pricing guidelines, report share allotments in FC-GPR within 30 days, report transfers between residents and non-residents in FC-TRS, and file the annual FLA return by 15 July. Overseas investments and foreign borrowings have separate reporting.
Inbound investment
- Check sector caps and route
- Issue shares at or above fair value
- Receive funds through banking channels
- File FC-GPR on the FIRMS portal
Transfers
Share transfers between residents and non-residents follow pricing guidelines and are reported in FC-TRS.
Annual and other reporting
- FLA return on foreign liabilities and assets
- ECB reporting for foreign borrowings
- ODI reporting for overseas investments
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Delays attract late submission fees or compounding proceedings with RBI.
Frequently asked questions
What is FC-GPR?
It is the form reporting issue of shares to non-residents, filed within 30 days of allotment on the FIRMS portal.
Is FLA mandatory for companies with small FDI?
Yes. Companies that have received FDI or made ODI must file FLA regardless of amount.
Can FEMA violations be compounded?
Many violations can be compounded by applying to RBI and paying the compounding amount.
Do startups receiving foreign angel funds need FEMA filings?
Yes. Any foreign equity investment needs FEMA compliance and reporting.
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