# FEMA & RBI Compliance — FDI, ODI, FLA & Repatriation

> The Foreign Exchange Management Act, 1999 (FEMA) and RBI directions govern every rupee that crosses India's border: foreign investment into Indian companies (FDI), Indian investment abroad (ODI), NRI investments and repatriation, and residents' remittances under the Liberalised Remittance Scheme. Most transactions are reported on RBI's FIRMS portal or through the authorised dealer bank, with strict deadlines and late-submission fees.

## Who this is for

- Indian companies receiving foreign investment
- Founders and companies investing in or setting up entities abroad
- NRIs investing in or repatriating from India
- Residents sending money abroad or holding foreign assets

## Services

- [FDI Compliance & FC-GPR Filing](https://www.industax.com/services/fema-rbi/fdi-compliance-fc-gpr) — Receiving foreign investment: pricing, share issue timelines and RBI reporting
- [FC-TRS Filing for Share Transfers](https://www.industax.com/services/fema-rbi/fc-trs-filing) — Transfers of shares between residents and non-residents
- [FLA Return Filing (Foreign Liabilities & Assets)](https://www.industax.com/services/fema-rbi/fla-return) — Annual RBI return for companies and LLPs with FDI or overseas investment
- [Overseas Direct Investment (ODI) Compliance](https://www.industax.com/services/fema-rbi/odi-compliance) — Investing in or setting up companies abroad under the 2022 Overseas Investment rules
- [NRI Investment Rules under FEMA](https://www.industax.com/services/fema-rbi/nri-investment-fema) — Shares, mutual funds, property and businesses — repatriable vs non-repatriable
- [NRI Repatriation of Funds & Sale Proceeds](https://www.industax.com/services/fema-rbi/nri-repatriation) — Moving money from NRO accounts and property or share sales abroad
- [Foreign Remittance under LRS & TCS](https://www.industax.com/services/fema-rbi/foreign-remittance-lrs) — Sending money abroad: LRS limits, permitted purposes and TCS from 1 April 2026
- [Foreign Assets, Property & Bank Accounts for Residents](https://www.industax.com/services/fema-rbi/foreign-assets-fema) — Holding, inheriting and disclosing foreign assets under FEMA and the Black Money Act
- [NRE, NRO & FCNR Account Advisory](https://www.industax.com/services/fema-rbi/nre-nro-advisory) — Which NRI account to use, tax on interest, and what to do when you leave or return

## FAQs

### What happens if FC-GPR is filed late?

RBI allows late reporting on payment of a late submission fee calculated on the amount and the delay. Very long delays or repeated defaults can lead to compounding proceedings, so it is cheaper to file within the 30-day window.

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This is general information, not advice for your specific facts.