FEMA India Rules for NRI
Table of Contents
FEMA India Rules for NRIs – N D Savla & Associates
The Foreign Exchange Management Act (FEMA), 1999 governs all foreign exchange transactions and cross-border dealings in India. For Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs), FEMA rules regulate how income, investments, property, and remittances are handled in India. At N D Savla & Associates, we provide expert guidance on FEMA India rules for NRIs, ensuring that all transactions remain compliant with RBI regulations.
Overview
FEMA applies to all foreign exchange-related activities including:
Inward remittances to India
Investments in shares, securities, and businesses
Purchase or sale of immovable property
Repatriation of sale proceeds or income abroad
Maintenance of NRO/NRE/FCNR accounts
Transfers of shares between residents and NRIs
Understanding and complying with FEMA provisions ensures NRIs can freely invest, repatriate, and manage assets without facing penalties or restrictions.
Features
Guidance on NRO, NRE, and FCNR account rules under FEMA
Advisory on NRI investment in property, shares, and mutual funds
Compliance for repatriation of funds abroad
Support in FDI, ODI, and cross-border structuring
FEMA compliance for gift transfers, inheritance, and remittances
Advisory on RBI reporting requirements (FC-GPR, FC-TRS, FLA returns)
Representation before RBI for compounding of FEMA contraventions
Documents Required
Passport & Visa copies
PAN card
Bank account details (NRO/NRE/FCNR)
Investment and property documents
Shareholding agreements (if applicable)
RBI filings/approvals (if already initiated)
Identity and KYC proofs of NRI/PIO/OCI
Procedure
Transaction Review – Assess whether the proposed activity falls under FEMA.
Eligibility & Compliance Check – Identify whether automatic route or RBI approval is required.
Documentation & Filing – Prepare and submit necessary forms such as FC-GPR, FC-TRS, or ODI.
Regulatory Clearance – Obtain RBI/Authorized Dealer Bank approvals where required.
Execution & Monitoring – Complete the transaction and ensure FEMA-compliant documentation.
Annual Reporting – Maintain filings such as FLA returns and compliance registers.
Why This Matters
Failure to follow FEMA rules for NRIs can lead to penalties, blocked remittances, or restrictions on investments. With N D Savla & Associates, your NRI FEMA compliance in India is handled end-to-end, ensuring that property transactions, bank accounts, and cross-border investments are legally structured and hassle-free.
