Harun Raaj & AssociatesHarun Raaj & Associates
FEMA & Cross-BorderHRA / FEMA / FY 2026-27

FEMA Services

FDI, ODI, Compounding & Cross-Border Compliance

FDI reporting, FC-GPR, FC-TRS, ODI, ECB, export realisation, NRI property, and FEMA compounding support.

This hub covers the foreign exchange rules that sit around capital, investment, and cross-border receipts. It is meant for businesses and investors that need clean reporting and a practical route when a FEMA issue has already arisen.

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Focus Areas

What this hub covers

FDI reporting and post-allotment filingsODI and overseas investment structuringECB and foreign borrowing supportCompounding, export realisation, and write-off adviceNRI property and branch or liaison office setup
Statutory Anchors
FEMA 1999Section 6Section 9Section 13FEMA (Non-debt Instruments) Rules 2019FEMA (Debt Instruments) Regulations 2019RBI Master Directions on FDI/ODI

Tools for this

Check the relevant deadline before you act.

NRI Investment Route Finder India | PIS, FEMA, FATCA, LRS 2025 →NRE vs NRO vs FCNR vs RFC vs SNRR — FEMA Account Selector | harunraaj.com →NRI Residency Calculator India FY 2025-26 — Section 6 ITA ROR / RNOR / NR Status →LRS TCS Calculator — How Much Tax Will Be Collected on Your Remittance? | harunraaj.com →
Lifecycle Map

Typical engagement flow

Structure

Map the transaction, investor profile, and approval route before money moves.

Report

Complete FC-GPR, FC-TRS, ODI, or ECB reporting through the applicable RBI route.

Monitor

Track timelines, pricing, and downstream obligations so filings stay current.

Compounding

If a breach occurred, prepare the compounding application and supporting evidence set.

Services

Related services in this lifecycle

01

FEMA Compliance

Compliance→

Core FEMA advisory and reporting support for cross-border transactions and investments.

02

FDI Compliance

FDI→

Inbound investment structure, pricing, and reporting support for foreign direct investment.

03

FEMA Structuring

Structuring→

Cross-border deal structuring for capital, ownership, and entry-mode planning.

04

FEMA Compounding

Compounding→

Regularisation of FEMA contraventions through the compounding route.

05

Export Realisation

Realisation→

Export proceeds tracking, extension support, and overdue closure management.

06

FC-GPR Filing

FC-GPR→

Post-allotment FDI filing support for share issuance and capital instruments.

07

FC-TRS Filing

FC-TRS→

Transfer filing support when capital instruments move between resident and non-resident holders.

08

ODI / Overseas Investment

ODI→

Outbound investment analysis, reporting, and compliance support under the ODI rules.

09

ECB Compliance

ECB→

External commercial borrowing support, reporting, and covenant coordination.

10

LO / BO / PO in India

Entry Modes→

Branch, liaison, and project office setup support for foreign companies entering India.

FAQs

Common questions

When must FC-GPR be filed?

FC-GPR is filed under the FEMA non-debt investment reporting framework after the issue of shares or other capital instruments, within the prescribed RBI timeline.

What is the FC-TRS filing route?

FC-TRS is the FEMA reporting route used when capital instruments are transferred between resident and non-resident parties. The filing runs through the AD Category-I bank where the consideration was received, within 60 days of the transfer or receipt/remittance of funds — the bank is the statutory reporting channel, so the transfer cannot bypass it.

How does FEMA compounding work?

A contravention that attracts a penalty under Section 13 of FEMA 1999 can be regularised under Section 15 by filing a compounding application with the RBI through its compounding application channel (PRAVAAH) and paying the compounded amount — usually within 15 days of the compounding order.

What governs ODI reporting?

ODI reporting is handled under the FEMA overseas investment rules and the RBI reporting mechanism applicable to the transaction.

How long do exporters have to realise proceeds?

Export realisation is governed by the FEMA export regulations and the RBI-advised timeline that applies to the underlying goods or services export.

How is FEMA different from FCRA?

FEMA 1999 governs foreign exchange and cross-border capital flows, while FCRA 2010 governs foreign contributions received by specified NGOs and related entities.

Need the right filing or advisory path?

We can map the facts, confirm the statutory route, and move from draft to execution without the usual back-and-forth.

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