FEMA Compliance for Foreign explained: this guide covers what it means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
FEMA governs foreign investment and cross-border transactions in India. Here are the key compliances for companies receiving foreign investment.
Key filings
- Form FC-GPR — on issuing shares to a foreign investor (within 30 days)
- Form FC-TRS — on transfer of shares between residents and non-residents
- Annual FLA return — foreign assets and liabilities (by 15 July)
Where to file
FDI reporting is done on the RBI FIRMS portal; the FLA return on the FLAIR portal.
Why it matters
Non-compliance attracts a Late Submission Fee and penalties under FEMA.
Frequently Asked Questions
What are the main FEMA filings for FDI?
FC-GPR on allotment, FC-TRS on share transfer and the annual FLA return.
Where is FDI reported?
On the RBI FIRMS portal (FLA on the FLAIR portal).
When is FC-GPR filed?
Within 30 days of allotment of shares to a foreign investor.
What happens on FEMA non-compliance?
A Late Submission Fee and penalties apply.
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