All About RBI/FEMA Compliances | Foreign Exchange Management Act,1999 (FEMA 1999)
| RBI/FEMA Compliances | ||||
| S. No. | Compliances | Eligibility | Form | Timelines |
| 1 | Foreign Assets & Liabilities | Every Indian Company having Foreign Assets and Liabilities | FLA | on or before 15 July every Year |
| 2 | Annual Performance Report | Resident Individual who has made ODI | ODI Part II | on or before 31 December every Year |
| 3 | External Commercial Borrowings | All Borrowers are required to submit this return | ECB-2Â | Monthly basis |
| 4 | SINGLE MASTER FORM | |||
| FC-GPR | Indian Company that receives Foreign Investment (either by way of fresh issue/bonus/right issue/ESOP) and allot shares outside India | FC-GPR | within 30 days from date of allotment | |
| FC-TRS | Reporting of transfer of shares by transferor/transfer, resident in India | FC-TRS | within 60 days from the date of transfer | |
| ESOP | For the issuance of ESOP to person resident outside India who is employee(s)/Director(s) of its Holding/WOS/JV/its Own Co. | ESOP | within 30 days from the date of issuance of ESOP | |
| CN (Convertible Notes) | Indian Start up Company issuing CN to a person resident outside India, OR In case of transfer of CN, from resident to non-resident or vice versa |
CN | within 30 days from the date of issuance/transfer | |
| DRR | Resident Custodian issue/transfer the Depository Receipts to Non-Resident or vice versa | DRR | within 30 days of issuance/transfer of DR | |
| INVI | An Indian Investment Vehicle which issued its units to person resident outside India | INVI | within 30 days of issuance of units | |
| Important Notes: | ||||
| 1. An NRE account is a bank account opened in India in the name of an NRI, to park his foreign earnings; 2. An NRO account is a bank account opened in India in the name of an NRI, to manage the income earned by him in India |
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