FEMA & Foreign Exchange Law
Advisory, compliance, compounding and representation under the Foreign Exchange Management Act, 1999 (FEMA) for NRIs, businesses and individuals.
Services Included
What We Offer
- NRI / OCI property matters — purchase, sale, inheritance, gifts & power of attorney under FEMA
- Repatriation of sale proceeds, NRO / NRE accounts & the LRS limit
- Foreign Direct Investment (FDI) — sectoral caps, pricing, FC-GPR / FC-TRS filings
- Overseas Direct Investment (ODI) under FEMA (Overseas Investment) Rules, 2022
- External Commercial Borrowings (ECB) & export-import (EDPMS / IDPMS) compliance
- Compounding of FEMA contraventions before the RBI
- Replies to Enforcement Directorate show cause notices under Sections 13 & 16 FEMA
- Appeals before the Appellate Tribunal & High Court under Sections 19 & 35 FEMA
Our Approach
How We Work
Transaction / Notice Review
We review your proposed transaction, past remittances, or the notice received from the RBI or Enforcement Directorate.
FEMA Compliance Analysis
We map the facts against FEMA, the applicable Rules and RBI Master Directions to identify permissions required or contraventions involved.
Strategy & Documentation
We advise on the correct route (automatic / approval), prepare filings, or draft the compounding application or reply.
Filing & Representation
We file with the AD bank / RBI and represent you before the Compounding Authority, Adjudicating Authority or Appellate Tribunal.
Closure & Ongoing Compliance
We obtain the compounding order or final order and set up a compliance checklist to avoid future contraventions.
Our law firm advises on all aspects of the Foreign Exchange Management Act, 1999 (FEMA) and the rules, regulations and Master Directions issued by the Reserve Bank of India. We help NRIs, OCIs, startups and companies structure cross-border transactions correctly, regularise past contraventions through compounding, and respond to notices and adjudication proceedings initiated by the Directorate of Enforcement.
FAQ
Frequently Asked Questions
What is FEMA?
The Foreign Exchange Management Act, 1999 (FEMA) governs foreign exchange transactions in India — including NRI investments, foreign remittances, FDI, overseas investment and cross-border borrowings. It is administered by the RBI and enforced by the Directorate of Enforcement.
Can an NRI buy or sell property in India?
Yes. NRIs and OCIs can buy residential and commercial property in India (but not agricultural land, plantations or farmhouses). Sale proceeds can be repatriated subject to FEMA limits and conditions. We advise on the entire process.
What is compounding under FEMA?
Compounding is a voluntary process to settle a FEMA contravention by paying an amount determined by the RBI, avoiding adjudication proceedings. It is available for most technical contraventions such as delayed reporting. We prepare and file the compounding application on your behalf.
I have received an Enforcement Directorate notice under FEMA. What should I do?
Do not ignore it. FEMA proceedings are civil in nature, but penalties can be up to three times the sum involved. Contact us immediately so we can review the notice, gather documents and file a well-reasoned reply within the time allowed.
Need FEMA & Foreign Exchange Law?
Speak with our advocates today. Book a consultation and we will assess your case thoroughly.