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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-2  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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