FDI, ODI & FLA Reporting to the RBI
FC-GPR, FC-TRS, Form ODI and the FLA return.
Money crossing the Indian border in either direction triggers a reporting obligation with a short deadline. Shares allotted to a non-resident are reported in FC-GPR within thirty days of allotment; a transfer between a resident and a non-resident is FC-TRS within sixty days.
Outbound investment by an Indian entity is Form ODI, filed through the authorised dealer bank before the remittance.
The annual one is the FLA return, due by 15 July from every Indian company holding foreign investment or holding investment abroad — including in years with no new transaction.
What is included
- FC-GPR and FC-TRS filings on the FIRMS portal
- Form ODI for outbound investment
- Annual FLA return by 15 July
- Valuation certificate and the FIRC pack assembled
What we need from you
- FIRC and KYC from the remitting bank
- Board resolution and the allotment record
- Valuation certificate from a merchant banker or CA
- Shareholding pattern before and after
Questions
What is the penalty for late FEMA reporting?
A Late Submission Fee, calculated on the amount and the delay, is payable to regularise it. Left unreported, it is a contravention under FEMA compoundable at up to three times the sum involved — and it surfaces in every diligence.
Also in Compliance & payroll
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Get started with FDI, ODI & FLA Reporting to the RBI
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