Top Fema Compliance Services in India

Top Fema Compliance Services in India

Significant FEMA Compliances

The required the Best FEMA Compliance Services in Ahmedabad and India by Mehul Thakkar and Associates checklist for the various laws and regulations listed below is as follows:

1. Annual Yield on Foreign Debt and Equity:

Foreign Liabilities and Assets (FLA) returns must be filed by any Indian resident firm that made foreign direct investment (FDI) in any year previous to the current one. If a corporation has no investment assets, it is not required to file the FLA. You are required to file this return annually.

2. Annual Report on Performance:

An ODI (overseas direct investment) recipient is required to submit an annual performance report. All of this information must be sent in Form ODI Part II to the Authorized Dealer Bank by December 31st of every year, at the latest, with regard to joint ventures or totally owned subsidiaries outside of India.

3. Commercial Borrowing from Outside:

Each month, all borrowers are required to submit the Form "ECB 2 Return" to RBI via an AD Category-I bank in order to record all of their External Commercial Borrowings (ECB) activities.

Application of FEMA

FEMA is applicable across India, including to any branches, offices, and agencies that are owned or managed by Indian residents outside of India. The FEMA Enforcement Directorate headquarters are located in New Delhi. The following are covered by the FEMA:

Foreign currency
overseas safety
Any item or service that India exports or imports into another nation.
under the Public Debt Act of 1994, securities.
Acquisition, Transfer, and Exchange of All Financial, Insurance, and Banking Services.
Under the FEMA Act, a current account transaction is divided into three sections.
Forbidden by FEMA
Central Government and RBI approval is necessary.

How Is Registrationwala of Use?

Best FEMA Compliance Services in Ahmedabad and India by Mehul Thakkar and Associates at Registrationwala may assist you in the following ways:

The support provided by FEMA adherence to procedural requirements

Monitoring the application's progress with the RBI and other relevant authorities

post-compliance support for FEMA and RBI

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