The Foreign Exchange Management Act, 1999 (FEMA) and rules thereunder govern foreign investment in India, overseas investments by Indian entities, external commercial borrowings (ECB), and remittances abroad. Nilesh Desai & Co. assists companies, LLPs, and individuals with FEMA compliance, RBI filings on the FIRMS portal, and documentation required for banks, auditors, and regulators.
Assignments are coordinated with income-tax certifications (Form 145/146) and company secretarial filings where transactions also trigger obligations under the Companies Act or income-tax law.
Foreign Direct Investment (FDI)
- Advisory on entry routes — automatic vs approval route, sectoral caps, and conditionalities
- Reporting of issue / transfer of shares to non-residents on FIRMS (Form FC-GPR, FC-TRS)
- Valuation of shares for transfer pricing and FEMA pricing guidelines
- Downstream investment and indirect foreign investment analysis
- Compounding and regularisation support in coordination with legal counsel where required
Overseas Direct Investment (ODI)
- Advisory on ODI limits, eligible entities, and permitted activities abroad
- Form ODI Part A / B filings and annual performance reports (APR)
- Restructuring of overseas subsidiaries — step-down investments and disinvestment
- Coordination with AD banks for remittance and evidence of investment
ECB, Loans And Remittances
- External commercial borrowing (ECB) eligibility, all-in-cost, and LRN / Form ECB filings
- Foreign currency loans, guarantees, and security creation reporting
- Form 145 and Form 146 for foreign remittances under the Income-tax Act, 2025 (with TDS / treaty analysis as applicable)
- Liberalised Remittance Scheme (LRS) documentation and AD bank submissions
- Import / export realisation and write-off reporting where applicable
Annual And Event-Based Filings
- Annual return on Foreign Liabilities and Assets (FLA Return)
- Form FC-1 for liaison / branch / project office of foreign entities
- Event-based filings on change in foreign holding, merger, or liquidation
- Certificates and declarations required by banks and statutory auditors
What Nilesh Desai &Amp; Co. Provides
Practical FEMA advisory with timely RBI filings, checklists for board resolutions, and liaison with authorised dealer banks. Complex matters involving NCLT, compounding petitions, or legal opinions are handled in coordination with specialised counsel. The firm does not guarantee RBI or government approval of any transaction.
This page describes professional services permitted to chartered accountants in practice. It is not intended as solicitation of work.