RBI & FEMA Compliance
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🤝 RBI & FEMA Compliance – Powered by Tax Ustaad
The Foreign Exchange Management Act, 1999 (FEMA) governs all cross-border transactions and foreign exchange dealings in India. The Reserve Bank of India (RBI) administers FEMA through master directions, circulars, and notifications that detail reporting, approval, and operational requirements for authorized persons and resident entities.
What Is RBI & FEMA Compliance?
RBI & FEMA compliance involves adherence to foreign exchange regulations and reporting requirements. At Tax Ustaad, we guide clients through:
- Foreign Liabilities & Assets Reporting: FLA Return for companies with FDI/ODI
- Annual Performance Reporting: ODI reporting for Indian parties
- External Commercial Borrowings: ECB reporting and compliance
- Single Master Form Filings: Consolidated FDI instrument reporting
Key Compliance Areas
Tax Ustaad ensures comprehensive compliance with all RBI and FEMA requirements:
- FLA Return filing by July 15 annually
- ODI Part II submission by December 31
- Monthly ECB-2 Return reporting
- SMF filings for equity, ESOPs, and convertible instruments
- Special Rupee Vostro Accounts reporting
Foreign Liabilities & Assets Reporting
| Compliance | Form | Applicable To | Frequency | Due Date |
|---|---|---|---|---|
| Foreign Liabilities & Assets | FLA Return | Companies with FDI/ODI | Annual | July 15 |
| Annual Performance Report | ODI Part II | Indian parties / Resident individuals | Annual | December 31 |
| External Commercial Borrowings | ECB-2 Return | ECB borrowers | Monthly | 7th of next month |
| Equity Allotment to Non-residents | FC-GPR | Companies issuing shares | Per issuance | 30 days |
| Share Transfer between Parties | FC-TRS | Transferor & Transferee | Per transfer | 60 days |
How Tax Ustaad Can Help
- Map your FEMA and RBI obligations into an integrated compliance calendar.
- Prepare and review all FLA, APR, ECB, and SMF filings.
- Liaise with AD banks and RBI for approvals, clarifications, and compounding applications.
- Implement automated workflows and dashboards for real-time monitoring.
Partner with Tax Ustaad to transform FEMA and RBI compliance from a recurring task into a strategic advantage.
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