Compliances
under
FEMA / RBI
|
Applicable Laws/Acts
|
Due Dates
|
Compliance Particulars
|
Forms / (Filing mode)
|
|
FEMA ACT 1999
|
on or before 31.07.2019
(due date extended from 15.07.2019 to 31.07.2019)
Can be filed after due date with late fees charges
|
FLA Return is required to be submitted
mandatorily by all the India resident companies which have received FDI and/
or made ODI in any of the previous year(s), including current year required
to be filed by the companies, who holds foreign assets or liabilities in their
financial statements as on 31 March.
|
Annual Return on Foreign
Liabilities and Assets
(FLA Return)
|
|
FEMA ACT 1999
|
Monthly Basis
|
External Commercial Borrowings
Borrowers are required
to report all ECB transactions to the RBI on a monthly basis through an AD
Category – I Bank in the form of ‘ECB 2 Return’.
|
ECB 2 Return
|
|
FEMA ACT 1999
|
Not later
than 30 days from the date of issue of shares
|
After issue of shares or other eligible
securities, the Indian company has to file
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Form FC-GPR
|
|
FEMA ACT 1999
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With in 60
days from the date of receipt of the amount of consideration.
|
Reporting of transfer of shares and other
eligible securities between residents and non-residents and vice- versa is to
be made in Form FC-TRS.
|
Form FC-TRS.
|
|
FEMA ACT 1999
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With in Six (6) months {receive share certificates or any other documentary evidence
of investment in the foreign JV / WOS as an evidence of investment and submit
the same to the designated AD within 6 months;}
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An Indian Party and a Resident Individual
making an overseas investment is required to submit form ODI
(Overseas investments (or financial commitment) in Joint
Ventures (JV) and Wholly Owned Subsidiaries (WOS))
|
Form ODI
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