Overview Of FEMA Compliances

The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India “to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”. FEMA...

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Annual Return On Foreign Assets & Liabilities

FLA Return is described as Foreign Liabilities And Assets Return which is required to be     submitted by all the Indian Companies which have received Foreign Direct Investment (FDI) or made Overseas Investment abroad in the previous year(s) including the current year i.e. who holds foreign Assets or Liabilities in...

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Filing of FC-TRS

FC-TRS stands for (Form Foreign Currency-Transfer of Shares) Form. This form is filed in case of transfer of shares or convertible debentures of an Indian Corporation from a resident to a Non-Resident/Non-Resident Indian and vice versa by means of sale. The Indian corporation must report the transactions to the...

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Filing of FC-GPR

FC-GPR stands for Foreign Currency- Gross Provisional Return.  An Indian company issuing equity instruments to a person resident outside India should file FC-GPR Form within 30 days from the date of issuance of the equity instruments. There are two ways by which a foreign investor can invest in India– the...

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