FEMA & ODI Compliance in
Chandigarh

IMAK Advisory is an ICAI-registered firm of chartered accountants in Whitefield, Bengaluru, helping startups, companies, LLPs and NRIs across India with foreign investment and overseas investment reporting. We check the sector and route, value shares under the pricing guidelines, track the 60-day allotment window, file FC-GPR, FC-TRS and LLP forms on the RBI FIRMS portal, file the annual return on foreign liabilities and assets by 15 July, and fix past delays through late submission or compounding.

Applications for approvals, licences and compounding now go through the RBI PRAVAAH portal, while regulatory returns and statistical surveys are moving to CIMS (RBI), the Centralised Information Management System. Complaints about a bank, NBFC or payment service go to the RBI CMS portal at cms.rbi.org.in after first complaining to the entity; the Integrated Ombudsman Scheme, 2026 applies from 1 July 2026.

For domestic transfers, the RBI IFSC code identifies the receiving branch, while a foreign investor remitting from abroad needs the receiving bank's SWIFT code. The RBI floating rate bond – Floating Rate Savings Bonds, 2020 (Taxable) – is open to resident individuals and HUFs, not NRIs. The RBI NBFC upper layer list for 2026-27, released on 6 August 2026, named 17 NBFCs that must follow enhanced rules and list within three years.

On the RBI governor 2025 question: RBI Governor Sanjay Malhotra, the 26th Governor, took charge on 11 December 2024 for three years after serving as Revenue Secretary. Under Sanjay Malhotra (RBI Governor), the central bank has revised rules on borrowing, guarantees, exports and imports, so each filing must follow the version in force on the transaction date.

Common gaps we find are a valuation report dated after allotment, a secondary sale between family members without FC-TRS, missed FLA returns in years with no new money, overseas subsidiaries without annual performance reports, and neighbouring-country beneficial owners who needed government approval. A health check of all foreign investment since incorporation lists what is pending, what a late submission fee can regularise and what needs a compounding application.

Good FEMA compliance is mostly calendar discipline. Every share allotment, transfer, convertible note, ESOP grant, overseas investment and foreign loan creates a date by which a form must reach the bank or the portal. Keeping one register of these events, with the valuation, remittance and acknowledgement for each, makes due diligence quicker for the next investor and keeps the statutory audit simple. Startups that plan FEMA compliance before the first foreign cheque arrives rarely need compounding later.

We are not an authorised dealer bank or a law firm, and we do not sell bonds or investment products. Where the Enforcement Directorate is involved, a lawyer should lead and we support with the records. Statutory charges such as late submission fees and compounding amounts are set by the authority and paid by you directly.

We do not publish fees; our team shares the exact total after reviewing your requirements. Visit us at ITPL Main Rd, Pattandur Agrahara, Whitefield, Bengaluru, Karnataka 560066, call or WhatsApp +91 79798 50684, or email imakadvisoryteam@gmail.com, and the IMAK Advisory team will review your foreign investment records and prepare a FEMA compliance calendar.