FEMA Annual Compliance Checklist
A comprehensive annual compliance checklist for Indian companies with cross-border transactions under the Foreign Exchange Management Act (FEMA). Covers all mandatory RBI reporting obligations for FDI, ODI, ECB, export-import transactions, and other foreign exchange dealings.
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FDI-Related Filings
FC-GPR within 30 days of share allotment, Advance Remittance Form within 30 days of FDI receipt, share transfer forms FC-TRS for secondary sales.
Annual Return on Foreign Liabilities (FLA)
FLA return due July 15 each year — mandatory for all companies with foreign equity or foreign debt, even if no transactions in the year.
ECB Compliance
ECB-2 monthly report within 7 days, end-use certificate annually, hedging compliance verification, and drawdown reporting.
ODI Reporting for Overseas Investments
APR (Annual Performance Report) on ODI investments by December 31 each year. Transaction-based reporting for new ODI, disinvestment, and repatriation.
Professional Guidance Note
FEMA compliance is complex and time-sensitive. Delays in filing attract automatic penalties under the compounding framework. Engage a FEMA specialist to ensure all reporting obligations are tracked and met on time.
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