Compliance
FEMA & Cross-Border Compliance
Inbound and outbound flows, reported correctly
What this covers
The scope, in plain terms
IFSC entities sit at the border of the Indian exchange control regime. We handle the reporting that comes with foreign investment, overseas investment and cross-border service flows so funds move without a reporting overhang.
Who needs it: Entities with foreign shareholders, overseas subsidiaries, ECB exposure or significant cross-border receipts and payments.
Applicable law
Foreign Exchange Management Act, 1999 and Rules
Governs inbound investment, overseas investment and current account transactions.
Official sourceFEM (Non-debt Instruments) Rules and OI Rules
Prescribe FC-GPR, FC-TRS, FLA and overseas investment reporting.
Official source
Obligation snapshot
What has to be filed, and how often
Indicative for this service line. Your exact set is confirmed after we read your registration conditions.
| Obligation | Authority | Frequency |
|---|---|---|
| FC-GPR on share allotment to non-residents | RBI (FIRMS) | Within 30 days of allotment |
| FC-TRS on transfer between resident and non-resident | RBI (FIRMS) | Within 60 days |
| Annual return on Foreign Liabilities and Assets (FLA) | RBI | Annual (15 July) |
| Overseas investment reporting (APR / Form FC) | RBI via AD Bank | Annual / event-based |
| AD Bank documentation for cross-border remittances | Authorised Dealer | As arising |
Timeline & approach
How we take it on
Step 1
Exposure mapping
3–5 working days
Shareholding, overseas structure and flow types reviewed.
Step 2
Backlog clearance
2–4 weeks
Late filings regularised with the AD Bank and RBI where required.
Step 3
Calendar
1 week
FLA and APR dates loaded; event triggers defined so filings are not missed.
Step 4
Managed reporting
Ongoing
We prepare and file, and coordinate with your AD Bank.
Indicative cost
From ₹20,000 per filing; retainer from ₹10,000 per month
Compounding applications, where needed, are quoted separately.
Why GIFT City Gateway
One accountable compliance owner
Named owner
One Gateway compliance owner, not a rotating queue of coordinators.
Portal visibility
Live status of every obligation — filed, due, at risk — in your client portal.
Read from your conditions
Obligations are extracted from your own registration, not a generic checklist.
Single point of contact
SEZ, IFSCA, ROC and FEMA handled in one engagement instead of four advisors.
Common questions
Before you enquire
We missed an FC-GPR deadline. What now?
Late Submission Fee is generally available and we handle the computation, payment and filing through your AD Bank.
Do IFSC units get any FEMA relaxations?
Several, depending on the transaction type. We apply the applicable IFSC-specific route rather than the default domestic one.
Other compliance lines
Enquire
Get a scope and fee for FEMA & Cross-Border Compliance
Share your entity details and we respond with the obligation set that applies to you, a fee and the documents we need.