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