FDI Compliance.
When a non-resident invests in an Indian company or LLP, FEMA prescribes how the money must come in, the price at which instruments can be issued and what must be reported to RBI. We manage the full cycle for each transaction, from sector and pricing checks to filings on RBI's FIRMS portal, so your cap table and RBI's records stay aligned.
Typically 1–2 weeks per transaction once funds have arrived and the valuation is ready. FC-GPR is due within 30 days of allotment, and FC-TRS within 60 days of the transfer or receipt of funds, whichever is earlier.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Indian companies raising equity, preference shares or convertible notes from overseas investors
- LLPs receiving capital contribution from non-residents
- Companies with share transfers between resident and non-resident shareholders
- Foreign-owned Indian companies making downstream investments
What you receive at the end.
- 01Filed FIRMS forms with RBI acknowledgements
- 02Pricing and valuation compliance note
- 03Updated FEMA transaction register
- 04Calendar for the annual FLA return
FDI Compliance, step by step.
Typically 1–2 weeks per transaction once funds have arrived and the valuation is ready. FC-GPR is due within 30 days of allotment, and FC-TRS within 60 days of the transfer or receipt of funds, whichever is earlier.
- 1
Eligibility and pricing
We confirm the sector cap and entry route, any land-border approval and the pricing guidelines, and arrange the valuation report.
- 2
Receipt of funds
We check that consideration arrives through banking channels and that the AD bank has completed KYC on the remitter.
- 3
Issue or transfer
We coordinate the allotment within 60 days of receiving funds, or the share transfer documents, along with the company law filings.
- 4
FIRMS reporting
We file the relevant form in the Single Master Form on FIRMS: FC-GPR for issues, FC-TRS for transfers, LLP(I) and LLP(II) for LLPs, CN for convertible notes and DI for downstream investment.
- 5
Annual and ongoing
We file the annual FLA return and keep a FEMA register of every foreign investment transaction.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Shareholding pattern before and after the transaction
- Investment or share purchase agreement and board and shareholder resolutions
- Valuation report from a chartered accountant, SEBI-registered merchant banker or practising cost accountant
- Foreign inward remittance certificate and the bank's KYC report
- Investor's KYC and constitutional documents
- The company's or LLP's FIRMS login details
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about FDI Compliance.
Ready to discuss FDI Compliance?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.