Fema

FEMA (Foreign Exchange Management Act, 1999) has acted as a catalyst for the growth and development of various sectors in India. The main aim of FEMA is to facilitate external trade, balance the payments, promote the orderly development, and maintain the foreign exchange market in India.

Compliances under FEMA act are as follows:-

•  Annual Return on Foreign Liabilities and Assets (FLA Return)

•  Annual Performance Report (APR)

•  External Commercial Borrowings

•  Advance Reporting Form (ARF)

•  Form FC-GPR

•  Form FC-TRS

•  Form ODI