The RBI Compliance Solution by ODFC is a single-window support system aimed at helping businesses and individuals meet RBI reporting obligations under the Foreign Exchange Management Act (FEMA) on time. It offers expert guidance on FEMA compliance requirements, tracks important reporting deadlines, and provides case reviews to minimize regulatory risks and penalties.
Annual Return on Foreign Liabilities and Assets (FLA):
Mandatory for Indian companies with FDI or overseas investments.
Filing due July 15; revised filing (with audited data) allowed by September 30.
Annual Performance Report (APR):
Required for Indian residents/companies with Joint Ventures or Wholly Owned Subsidiaries abroad.
Filing due annually by December 31.
FDI-Related Reporting:
Advance Reporting Form (ARF): Reporting FDI inflows soon after receipt.
Form FC-GPR: Filing within 30 days of issuing shares to foreign investors.
Form FC-TRS: Reporting share transfers between residents and non-residents.
External Commercial Borrowings (ECB):
Monthly Form ECB-2, covering borrowings, repayments, and loan transactions.
Overseas Direct Investment (ODI):
Filing of initial ODI transaction forms and periodic reports such as the APR.
Liberalised Remittance Scheme (LRS):
Support for resident individuals making outward remittances under RBI’s LRS.
Foreign Venture Capital Investor (FVCI) Reporting:
Guidance for RBI-mandated filings of FVCI investments.
Portfolio Investment and Non-Resident Accounts:
Reporting transactions involving FPIs and NRE/NRO account transactions.
Export and Import Transactions:
SOFTEX Forms: Software export declarations.
GR Forms: Export/import compliance for physical goods.
Immovable Property Transactions:
Filings for acquisition/transfer of property in India by non-residents or abroad by residents.
