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RBI Compliance
Expert RBI compliance services for businesses and NRIs
What is RBI Compliance?
📌 Overview
RBI compliance covers FEMA regulations, foreign investment, exchange control, and banking compliance. HLAPL provides comprehensive RBI compliance services for businesses, NRIs, and foreign investors.
✅ Key Aspects
FEMA compliance for cross-border transactions, FDI reporting to RBI, ODI compliance for overseas investments, ECB (External Commercial Borrowing) advisory, NRE/NRO/FCNR account compliance, Foreign investment reporting, FC-GPR and FC-TRS filings.
⚖️ Legal Framework
Governed by FEMA Act, 1999 and RBI regulations. Non-compliance penalties up to 3 times amount involved. Regular reporting required for foreign investments.
Important FAQs
❓ What is FC-GPR and when is it filed?
FC-GPR (Foreign Currency-Gross Provisional Return) is filed with RBI within 30 days of share allotment to foreign investors. HLAPL handles FC-GPR and FC-TRS filings.
❓ Do NRIs need RBI approval for property purchase?
No, NRIs can buy residential/commercial property without RBI approval. Agricultural land, plantation property, farmhouse requires RBI and state government approval.
❓ What is the penalty for FEMA violation?
Penalty up to three times the amount involved or ₹2 lakh where amount not quantifiable. HLAPL provides defense and compounding services for FEMA violations.
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