---
title: "Foreign Exchange and FDI Compliance"
date: 2025-05-08
author: "IndiaLaw LLP"
url: https://www.indialaw.in/expertise/statutory-and-regulatory-compliance/foreign-exchange-and-fdi-compliance/
---

![FEMA and FDI Compliance Lawyers India: RBI Filings](https://www.indialaw.in/wp-content/uploads/roqzkiady78.jpg)

# Foreign Exchange and FDI Compliance

## Foreign Exchange and FDI Compliance Law Firm in India for FEMA and RBI Matters

We provide specialized legal and regulatory support for transactions and operations governed by India’s foreign exchange laws, primarily under the Foreign Exchange Management Act, 1999 (FEMA) and its associated rules, regulations, and directions issued by the Reserve Bank of India (RBI). Our services are designed for Indian businesses receiving foreign investment, foreign companies investing in India, and individuals or entities engaging in cross-border transactions.

Our team advises on inbound and outbound investments, foreign direct investment (FDI) structuring, sectoral caps, and pricing guidelines. We also assist with regulatory filings, reporting obligations, and representations before RBI and Authorized Dealer (AD) banks. In addition, we provide risk mitigation advice in case of suspected non-compliance or when dealing with sensitive issues like delayed filings, retrospective approvals, or compounding of offences.

## Our Services

- FEMA and RBI advisory on inward/outward remittances
- FDI reporting and FC-GPR/FC-TRS filings
- Structuring of foreign investments and joint ventures
- ECB, ODI, and share transfer compliance
- Liaising with AD banks and regulators on FEMA matters

[![Dinesh Gupta, Partner at IndiaLaw LLP](https://www.indialaw.in/wp-content/uploads/DINESH.png)

#### Dinesh Gupta

Partner

contact@indialaw.in](https://www.indialaw.in/people/dinesh-gupta/)

### FAQs

#### What does foreign exchange and FDI compliance work involve in India?

It covers advisory and regulatory filings under FEMA and RBI directions for cross-border transactions, including inbound and outbound investments, foreign direct investment structuring, ECB compliance, share transfers involving non-residents, and reporting to AD banks.

#### When should a business engage a FEMA compliance advisor?

Ideally before any cross-border capital flow, whether receiving foreign investment, issuing shares to a non-resident, or remitting funds abroad. Early advice helps structure the transaction correctly and avoid delayed filings, which can trigger compounding proceedings under FEMA.

#### Which regulators and statutes govern foreign investment in India?

The primary statute is the Foreign Exchange Management Act, 1999. RBI administers FEMA through regulations, master directions, and circulars. The Department for Promotion of Industry and Internal Trade issues the consolidated FDI Policy, which is updated periodically.

#### What is the typical timeline for FDI reporting after a share allotment?

Form FC-GPR must be filed with RBI through the AD bank within 30 days of share allotment to a non-resident. The AD bank then verifies pricing, sectoral cap compliance, and KYC before forwarding it to RBI. Delays in filing attract compounding penalties.

#### What documents are needed to begin an FDI compliance engagement?

Typically, the company’s certificate of incorporation, board and shareholder resolutions, share subscription or transfer agreements, FIRC or payment proof, valuation report from a registered valuer, and KYC documents of the foreign investor. Sector-specific approvals may also be required.

#### What common mistakes do companies make in FEMA compliance?

Missing statutory filing deadlines for FC-GPR or FC-TRS is the most frequent error. Others include issuing shares below the prescribed pricing guidelines, not obtaining prior government approval in restricted sectors, and failing to report downstream investments by Indian subsidiaries of foreign entities.

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# IndiaLaw LLP — Offices & Contact Details

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## General Contact

| | |
|---|---|
| **Website** | https://www.indialaw.in |
| **Primary email** | contact@indialaw.in |
| **Primary phone** | +91 836-9995919 |
| **Contact form** | https://www.indialaw.in/connect/ |
| **Careers (separate channel)** | https://www.indialaw.in/careers/ |


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## All Offices (9 locations across 8 cities)

### 1. Mumbai — Registered Office & Head Office (Apeejay Chambers)

| | |
|---|---|
| **Address** | Apeejay Chambers, Ground Floor, Wallace Street, Fort, Mumbai – 400 001 |
| **Phone** | [022-6924-7400](tel:02269247400) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/mumbai/ |
| **Practice focus** | Litigation · Arbitration · Insolvency & Bankruptcy · Corporate · Banking · Real Estate · IP |
| **Notes** | The HQ. 5 partners based here. Handles PAN-India litigation, arbitration, corporate, banking, IP and real estate practice. Largest team across all offices. |

### 2. Mumbai — Non-Litigation Office (Excelsior, Fort)

| | |
|---|---|
| **Address** | 4th Floor, New Excelsior Theatre Pvt. Ltd., Amrit Keshav Nayak Marg, Fort, Mumbai – 400 001 |
| **Phone** | [022-697-40500](tel:022-697-40500) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/mumbai/ |
| **Practice focus** | Non-litigation only — consultations, negotiations, transactional work |
| **Notes** | Opened 2024. Litigation and arbitration remain at the Apeejay Chambers head office. |

### 3. Delhi

| | |
|---|---|
| **Address** | Flat No. 1107 & 1108, Prakashdeep Building, Tolstoy Marg, Connaught Place, New Delhi – 110 001 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/delhi/ |
| **Practice focus** | Litigation · Arbitration · Insolvency & Bankruptcy · Corporate · Banking · Real Estate |
| **Notes** | 3 partners based here. Located near the Supreme Court of India, Delhi High Court and other appellate bodies. |

### 4. Kolkata

| | |
|---|---|
| **Address** | Centre Point Building, Room No. 214, 2nd Floor, Premises No. 21, Hemanta Basu Sarani, Opp. Great Eastern Hotel, P.S. Hare Street, Kolkata – 700 001, West Bengal |
| **Phone** | [+91 33 4813 1001](tel:+913348131001) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/kolkata/ |
| **Practice focus** | Insolvency & Bankruptcy · Commercial & Civil Litigation · Arbitration · Banking Litigation · Real Estate · Labour & Employment · Consumer |
| **Notes** | Advises banks, NBFCs, MSMEs and corporates on transactions and dispute resolution. Works in close coordination with the Mumbai HO. |

### 5. Chennai

| | |
|---|---|
| **Address** | GF-A, 19 Casa Major Road, Egmore, Chennai – 600 008 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/chennai/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Full-fledged office with experienced legal team. Supported by Mumbai HO. |

### 6. Bengaluru (Bangalore)

| | |
|---|---|
| **Address** | INDIALAW LLP, No. 7 Chinnaswamy Mudaliar Road, Shivaji Nagar, Bangalore – 560 051 |
| **Phone** | [080-4167-2444](tel:08041672444) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/bengaluru/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate · Family Laws · Labour |
| **Notes** | Located near Bangalore High Court. Handles corporate, commercial, banking and matrimonial disputes. |

### 7. Hyderabad

| | |
|---|---|
| **Address** | 403, 4th Floor, Sanatana Ecstasy Building, beside Tanishq Show Room, Himayathnagar, Hyderabad – 500 029, Telangana |
| **Phone** | [040-6666-5166](tel:04066665166) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/hyderabad/ |
| **Practice focus** | Litigation · Banking · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Particularly well known for complex banking matters and real estate transactions. |

### 8. Cochin (Kochi)

| | |
|---|---|
| **Address** | Second Floor, Pulikkal Building, K.K. Padmanabhan Road, Ernakulam North – 682 018, Kerala |
| **Phone** | [0484-3583961](tel:04843583961) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/cochin/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Commercial disputes, property litigation, financial-claim arbitrations and real estate transactions. |

### 9. Noida (NCR)

| | |
|---|---|
| **Address** | No. 16 & 17, Silver Offices, 17th Floor, Wave One, Sector 18, Noida – 201 301 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/noida/ |
| **Practice focus** | Aviation · Insurance · Mergers & Acquisitions · Corporate |
| **Office head** | **Mr. Dinesh Gupta** (joined August 2025 to lead and expand the corporate practice) |
| **Notes** | Newest office. Sector-focused on highly regulated industries serving NCR-based clients. |

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## Quick-Dial Phone List

| Office | Phone |
|---|---|
| Mumbai HO (Apeejay) | 022-6924-7400 |
| Mumbai Excelsior | 022-697-40500 |
| Kolkata | +91 33 4813 1001 |
| Bengaluru | 080-4167-2444 |
| Hyderabad | 040-6666-5166 |
| Cochin | 0484-3583961 |
| **General / Marketing line** | **+91 836-9995919** |

Delhi, Chennai and Noida route through the general number.

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## Social Channels

- LinkedIn: https://www.linkedin.com/company/indialaw
- X / Twitter: https://twitter.com/Indialawmumbai
- Facebook: https://www.facebook.com/indialawllp/
- Instagram: https://www.instagram.com/indialawllp

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