FEMA Compliances

At SDA, we offer expert advisory and compliance services related to exchange control regulations governed by the Reserve Bank of India (RBI). Our services cater to companies and LLPs involved in cross-border transactions, ensuring that all regulatory requirements are met with precision.

 

Our offerings are as follows :

 

► Advisory on Compliance Requirements for Cross-Border Transactions

 

We provide comprehensive advisory on the compliance requirements for cross-border transactions, helping businesses navigate the complexities of RBI regulations and Foreign Exchange Management Act (FEMA) provisions.

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► Filing of Form FCGPR

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Assisting companies in the preparation and filing of Form FCGPR (Foreign Currency-Gross Provisional Return) with the RBI, which is required after the infusion of foreign funds into the company’s capital.

 

► Filing of Form FCTRS

 

Filing Form FCTRS (Foreign Currency-Transfer of Shares) in cases of transfer of shares or other instruments between residents and non-residents or vice versa, ensuring compliance with RBI guidelines.

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► Filing of Form LLP-1

 

Handling the filing of Form LLP-1, which is required when foreign direct investment is infused into a Limited Liability Partnership (LLP), ensuring adherence to FEMA and RBI regulations.

 

► Filing of FLA Return

 

Companies with foreign exposure as of the financial year closure are required to file the FLA (Foreign Liabilities and Assets) Return annually. We assist in the preparation and timely submission of this return to the RBI.

 

► Compounding of Offences under FEMA Regulations

 

For instances of non-compliance with FEMA regulations, we provide assistance in the compounding of offences, helping enitites mitigate penalties and regularize their foreign exchange transactions.

 

► Legal Entity Identifier (LEI) Registration

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We offer services for Legal Entity Identifier (LEI) registration, a unique identification code required for entities engaging in financial transactions. Our support includes registration and ongoing compliance with LEI requirements.