FEMA & FDI Advisory in Shenoy Nagar, Chennai
Last updated: 15 Oct 2026
Quick Answer: Virtual Auditor advises companies and individuals in Shenoy Nagar, 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.
Shenoy Nagar: the local picture for FEMA & FDI Advisory
Shenoy Nagar 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 Anna Nagar, Anna Nagar East, Kilpauk and Choolaimedu. We serve clients in Shenoy Nagar 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.
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 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 Shenoy Nagar
- Pricing and valuation certificate
- FIRMS filings (FC-GPR, FC-TRS, DI, LLP forms)
- Annual FLA return
Documents to keep ready
- Board and shareholder resolutions
- Valuation certificate
- Investor's constitutional documents
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 Shenoy Nagar?
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 Shenoy Nagar?
Yes. We also work with businesses in Anna Nagar, Anna Nagar East, Kilpauk, Choolaimedu and ICF Colony and elsewhere in Chennai, on the same terms and online.
Do I need to visit your office from Shenoy Nagar?
No. We serve Shenoy Nagar 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.