FEMA & FDI Advisory in Royapettah, Chennai
Last updated: 15 Oct 2026
Quick Answer: Virtual Auditor advises companies and individuals in Royapettah, 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.
Royapettah: the local picture for FEMA & FDI Advisory
Royapettah lies in Chennai district, Tamil Nadu. Its business mix is typical of a residential neighbourhood with shops, clinics and home-based businesses. Nearby areas we also serve include Gopalapuram, Triplicane, Teynampet and Greams Road. We serve clients in Royapettah from our head office at Spencer Plaza, Anna Salai. Individuals here come to us for NRI investment, property sales by non-residents and remittances under the Liberalised Remittance Scheme. 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.
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.
What about overseas investment and past defaults?
Investments abroad by Indian companies and residents follow the Foreign Exchange Management (Overseas Investment) Rules and Regulations, 2022, with annual performance reports for overseas entities. Resident individuals can remit up to US$250,000 a financial year under the Liberalised Remittance Scheme.
Late filings attract a late-submission fee; other contraventions can be compounded by the RBI under the Foreign Exchange (Compounding Proceedings) Rules, 2024, which we prepare and file.
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 Royapettah
- FIRMS filings (FC-GPR, FC-TRS, DI, LLP forms)
- Annual FLA return
- ODI filings and compounding applications
Documents to keep ready
- Foreign inward remittance certificate and KYC from the bank
- Board and shareholder resolutions
- Valuation certificate
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 Royapettah?
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 Royapettah?
Yes. We also work with businesses in Gopalapuram, Triplicane, Teynampet, Greams Road and Mylapore and elsewhere in Chennai, on the same terms and online.
Do I need to visit your office from Royapettah?
No. We serve Royapettah 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.