FEMA and FCRA
Advice and filings under the Foreign Exchange Management Act, and registration and returns for organisations that receive foreign contributions.
FEMA advisory
With the global economy more connected than ever, businesses need both domestic compliance and a clear understanding of foreign exchange law. We advise on FEMA (the Foreign Exchange Management Act).
What it covers
- Setting up a new entity, or acquiring an existing one
- Approvals and compliance under RBI and FEMA requirements
- Remittance forms for repatriation (Form 15CA and 15CB under the old Income-tax Act)
- Changing or exiting an existing business model
- Regular FEMA filings and returns
- Advice on investments under FEMA
Who needs it
- Businesses with foreign investment, or investing abroad
- Anyone sending money out of India
What to keep ready
- Details of the transaction or remittance
- Agreements and invoices behind it
FCRA registration and returns
Registration, renewal and annual returns for trusts, societies and other non-profits that receive foreign contributions, under the Foreign Contribution (Regulation) Act, 2010.
What it covers
- Registration and prior permission
- Renewal
- Annual returns
Who needs it
- Trusts and charitable institutions
- Societies and non-profits receiving foreign donations
What to keep ready
- Registration documents of the organisation
- Details of the key functionaries
- Accounts of the foreign contribution account