The Foreign Exchange Management Act, 1999 (FEMA), regulates cross-border transactions and foreign exchange dealings in India. FEMA compliance is essential for businesses and individuals engaged in foreign investment, remittances, or trade. At R V K & Associates, we provide end-to-end advisory and compliance services under FEMA, ensuring adherence to the legal framework laid down by the Reserve Bank of India (RBI).
Classification of capital vs. current account transactions
Structuring of inward and outward remittances
Guidance on limits and conditions under relevant FEMA provisions
Interpretation of RBI circulars and notifications
Advisory on Foreign Direct Investment (FDI) compliance
Filing of forms such as FC-GPR, FC-TRS, and SMF
Assistance in obtaining government/RBI approval wherever required
Compliance for investment by Non-Residents and Foreign Companies
Advisory on eligible lenders, end use, and cost ceilings
Assistance with obtaining Loan Registration Number (LRN) from RBI
Periodic ECB-2 return filing and annual reporting
Structuring and documentation for Indian investment abroad
Filing of Form ODI and compliance with financial commitment limits
Post-investment compliance and repatriation advisory
Guidance on permissible NRI investments in India
Repatriation of funds by NRIs or PIOs
Tax and regulatory advisory for gifts, inheritances, or income received from abroad
Preparation and submission of required FEMA filings
FEMA audits and due diligence reviews
Compounding application in case of FEMA violations
Response drafting for RBI or Authorised Dealer (AD) Bank queries
Governed under the Foreign Exchange Management Act, 1999
Administered by the Reserve Bank of India (RBI)
Subject to periodic amendments, circulars, and notifications from RBI and Ministry of Finance
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