FEMA & RBI Compliance Services in Kochi

FC-GPR is the form an Indian company files to report the issue of shares or other eligible instruments to a person resident outside India. It must be filed on the RBI's FIRMS portal within 30 days of the date of allotment.

FC-TRS reports a transfer of shares or other capital instruments between a resident and a non-resident. It must be filed within 60 days of receipt or remittance of the consideration, normally by the resident party.

Every Indian company and LLP that has received foreign direct investment or made overseas direct investment, in the current or any earlier year, must file the annual return on foreign liabilities and assets with the RBI by 15 July.

A delay can be regularised by paying a late submission fee calculated by the RBI's formula, based on the amount and the period of delay. If the delay is beyond the permitted period, the contravention must be compounded.

Compounding is a voluntary process to settle a FEMA contravention by admitting it and paying an amount fixed by the RBI. Once compounded and paid, no further proceedings are taken for that contravention.

Yes. An Indian company can make overseas direct investment in an operating foreign entity under the automatic route, within the financial commitment limit and subject to the Overseas Investment Rules, 2022. The investment is reported through the authorised dealer bank, followed by an annual performance report each year.

An Indian entity with overseas direct investment must submit an annual performance report for each foreign entity through its authorised dealer bank by 31 December every year, based on the foreign entity's accounts.

No. NRIs and OCIs cannot buy agricultural land, plantation property or farmhouses in India. They can hold such property if they inherit it, and can buy residential and commercial property without RBI approval.

Sale proceeds of up to two residential properties can be repatriated, subject to conditions on how the property was bought. Funds in an NRO account can be remitted up to USD 1 million a financial year after tax, with the required certificates.

Yes. The buyer must deduct tax at source on the payment to a non-resident seller at the rates applicable to capital gains, and needs a TAN to deposit it and file the statement. A lower deduction certificate can reduce the TDS.

Under the Liberalised Remittance Scheme, a resident individual can remit up to USD 250,000 per financial year for permitted purposes such as education, travel, gifts and investment. TCS may apply on remittances above the threshold.

It can set up a liaison office, branch office or project office by applying through an authorised dealer bank. Certain sectors and applicants from some countries need prior RBI approval. Many foreign companies instead set up a wholly owned subsidiary under the automatic route.

A liaison office can only represent the parent, promote its products and collect information; it cannot earn income in India. A branch office can carry on permitted commercial activities such as export, import and consultancy, and its profits are taxable in India.

The RBI amended the borrowing and lending regulations in February 2026, widening eligible borrowers and lenders, linking borrowing limits to net worth, removing fixed cost ceilings for most loans and simplifying reporting. Existing loans continue on their original terms but follow the new reporting rules.

Yes. Investment by an NRI on a repatriation basis is treated as foreign investment and must be priced and reported in FC-GPR. Investment on a non-repatriation basis is treated like domestic investment, but must still be routed through the right bank account.