FEMA reporting requirements apply to several cross-border investment and borrowing transactions. Forms such as FC-GPR, FC-TRS, Form DI, Form ESOP, FLA Return, ODI-related forms and ECB-related returns may have prescribed reporting timelines. When a reporting deadline is missed, the delay does not necessarily mean that the underlying transaction becomes invalid. However, the reporting delay itself…
Companies engaged in international business, international investments, international services, or international remittances must conduct their business in multiple currencies. This makes up part of the global operation but requires additional paperwork and compliance with regulations. The absence of such paperwork may create problems in determining the motive, value, and legitimacy of the transaction during any…
International service providers who provide their services in India and in foreign markets have to deal with several regulatory requirements along with cross-border transactions. Two key focus areas that need to be looked into are Goods and Services Tax (GST) and Foreign Exchange Management Act (FEMA). The foreign exchange regulations are dealt with by FEMA…
With the growth of enterprises and expansion of their business processes, either domestically or internationally, there are constant changes in the regulatory environment of India. It is important for businesses that engage in foreign investment, international business dealings, external commercial borrowings, and international business transactions to comply with applicable RBI regulations. This will reduce the…
