FEMA & FDI Advisory in Park Town, Chennai
Last updated: 15 Oct 2026
Quick Answer: Virtual Auditor advises companies and individuals in Park Town, Chennai on foreign investment into and out of India under FEMA, from our head office at Spencer Plaza, Anna Salai: entry route and pricing, RBI reporting on the FIRMS portal, the annual FLA return, overseas investment and compounding of past defaults.
Park Town: the local picture for FEMA & FDI Advisory
Park Town lies in Chennai district, Tamil Nadu. Its business mix is typical of a trading and wholesale area. Nearby areas we also serve include Fort St. George, High Court, Anna Salai and Vepery. We serve clients in Park Town from our head office at Spencer Plaza, Anna Salai. Trading firms here mostly need FEMA advice on import and export receivables, advance remittances and NRI investment. FEMA reports are filed on the RBI's FIRMS portal through your authorised dealer bank; compounding applications go to the RBI regional office, Chennai.
What is FEMA compliance?
The Foreign Exchange Management Act, 1999 (FEMA) and its rules govern every cross-border investment and remittance. Most foreign investment needs no prior approval, but each step must be priced correctly and reported to the RBI within fixed time limits.
How does foreign investment come in?
Foreign direct investment comes in under the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019, either under the automatic route or with government approval, within the sectoral caps. Investment from an entity of a country sharing a land border with India, or whose beneficial owner is from such a country, needs government approval.
Shares must be issued within 60 days of receiving the money, at not less than fair value, and reported in Form FC-GPR within 30 days of allotment.
What has to be reported to the RBI?
Reports are filed on the RBI's FIRMS portal through the company's authorised dealer bank: FC-GPR for fresh issues, FC-TRS for transfers between residents and non-residents, DI for downstream investment, and forms for convertible notes and LLP investments. Every company with foreign investment files the annual return on Foreign Liabilities and Assets (FLA) by 15 July.
Full details of FEMA compliance, including the law, the process and our method: https://virtualauditor.in/fema-compliance
What you get from Virtual Auditor in Park Town
- Pricing and valuation certificate
- FIRMS filings (FC-GPR, FC-TRS, DI, LLP forms)
- Annual FLA return
Documents to keep ready
- Investor's constitutional documents
- Share-allotment or transfer documents
- Foreign inward remittance certificate and KYC from the bank
Indicative Fee Structure
| Service | Fee |
|---|---|
| FEMA / FDI advisory | From ₹15,000 |
| Consultation | Complimentary 30 minutes |
*Prices are indicative and exclude government fees and taxes. Actual fees depend on scope and complexity; contact us for a fixed quote.
Frequently Asked Questions
Who must file the FLA return?
Every Indian company or LLP that has received foreign direct investment or made overseas investment, by 15 July each year.
Can past FEMA defaults be regularised?
Yes. Late reporting is regularised with a late-submission fee; other contraventions can be compounded by the RBI on application.
Which offices deal with FEMA compliance for a business in Park Town?
FEMA reports are filed on the RBI's FIRMS portal through your authorised dealer bank; compounding applications go to the RBI regional office, Chennai.
Do you also handle FEMA compliance for businesses near Park Town?
Yes. We also work with businesses in Fort St. George, High Court, Anna Salai, Vepery and George Town and elsewhere in Chennai, on the same terms and online.
Do I need to visit your office from Park Town?
No. We serve Park Town from our head office at Spencer Plaza, Anna Salai. Documents are shared securely online, filings are signed with a digital signature, and meetings are by video or at our office by appointment. Call +91 99622 60333 or email support@virtualauditor.in.