FEMA / FDI filings
When a round takes foreign investment, ComplianceStack tracks FC-GPR, FC-TRS and the annual FLA return — the most diligence-critical, most-missed compliance area for funded startups.
Most VC-backed Indian startups take foreign capital, and FEMA non-compliance — a late FC-GPR above all — is one of the most common and most serious diligence findings, carrying Late Submission Fee and regulatory exposure. ComplianceStack surfaces the FEMA surface as soon as you tell it there's a foreign shareholder.
The filings we track
- FC-GPR — report a foreign share allotment to the RBI (FIRMS portal) within 30 days; shares must be allotted within 60 days of receiving the funds.
- FC-TRS — for share transfers between residents and non-residents.
- FLA Return — the annual return of foreign liabilities and assets to the RBI, due in July for the position as on 31 March.
How it fires
FC-GPR is generated when you record a round with foreign investment, dated from the allotment. The FLA return is an annual item that appears on your calendar once a foreign shareholder is on the profile. As always, the engine decides applicability — confirm exact current timelines with a FEMA-aware CA or CS before relying on them.