Last updated: 14 Oct 2026

Virtual Auditor

LRS Compliance Chartered Accountant

Last updated: 14 Oct 2026

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Quick answer: This service provides FEMA-compliant valuation and reporting for complex cross-border transactions. It is required for entities needing assistance with RBI or AD bank filings, such as FDI or ODI reporting. The team provides integrated pricing computations and regulatory filings to ensure compliance and avoid penalties for potential contraventions.

Looking for expert lrs compliance chartered accountant? Virtual Auditor provides practitioner-grade fema services in India, led by CA V. Viswanathan — IBBI Registered Valuer (IBBI/RV/03/2019/12333) | Fellow Chartered Accountant (FCA) | Associate Company Secretary (ACS). We combine deep regulatory expertise with hands-on execution to deliver results within your timeline.

What is LRS Compliance Chartered Accountant?

What We Deliver

FEMA-compliant valuation certificate with floor/ceiling price determination (usually DCF-based). Completed RBI/AD bank filing (FC-GPR, FC-TRS, ODI, APR, or compounding application as applicable). Comprehensive compliance status report covering all FEMA obligations. Pricing computation as per the Non-Debt Instrument Rules, 2019 with full working. Ongoing compliance calendar with future filing due dates.

Our Process

Step 1: Transaction structure review and FEMA applicability assessment. Step 2: Valuation/pricing computation under applicable FEMA rules. Step 3: Document preparation and regulatory filing with AD bank/RBI. Step 4: Follow-up with authorities until acknowledgment/approval. Step 5: Post-transaction compliance setup and calendar.

We work directly with Authorised Dealer banks to ensure smooth processing of all FEMA filings. Our in-house valuation capability means you do not need to engage a separate valuer for FEMA pricing — the valuation report and FEMA filing are prepared by the same team, eliminating coordination delays and inconsistencies.

Get Started Today

Ready to engage Virtual Auditor for lrs compliance chartered accountant? Contact us for a free initial consultation:

Call/WhatsApp: +91-99622 60333

Email: support@virtualauditor.in

Offices: Chennai | Bangalore | Mumbai

No obligation. We will assess your requirements and provide a clear scope, timeline, and fixed-fee quote within 24 hours.

Frequently Asked Questions

What documents are needed for lrs compliance chartered accountant?
Key documents include: Certificate of Incorporation, PAN, share subscription/transfer agreement, valuation report, board resolution, FIRC from the bank, and details of the foreign investor. We provide a personalised checklist after the initial consultation.
How long does lrs compliance chartered accountant take?
Standard filings: 7-10 working days. Compounding applications: 15-21 working days for preparation (RBI processing takes additional 60-90 days). Contact us at +91-99622 60333 for your specific timeline.
What happens if FEMA compliance is not done on time?
FEMA contraventions attract penalty up to 3x the transaction amount under Section 13, plus Rs 5,000/day for continuing contravention. Compounding with RBI is possible but becomes more expensive with delay. Early compliance is always advisable.
Can we make this investment, borrowing or remittance, and which conditions and filings apply?
Sort the transaction by direction and instrument. Foreign investment into an Indian company follows the NDI Rules, 2019: check the sector cap and route, price it at or above fair value, and report it on FIRMS. Investment by an Indian entity or resident abroad follows the Overseas Investment Rules and Regulations, 2022, with filings through your bank. Borrowing from abroad follows the RBI’s external commercial borrowing framework: eligible lender and borrower, cost ceiling, end-use rules, a loan registration number and monthly ECB-2 returns. Individuals can remit up to USD 250,000 a year under the Liberalised Remittance Scheme. We check whether the transaction is allowed, list the conditions and approvals, and handle the filings.

Related Services

FEMA Compliance ServicesIndian Subsidiary / Foreign Company RegistrationODI Compliance for Indian CompaniesFDI in Indian Startups: Complete FEMA Compliance ChecklistChartered Accountant for FEMA Compliance ChennaiFEMA/FDI Advisory in AssamFEMA/FDI Advisory in AurangabadFEMA/FDI Advisory in Bihar

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Free 30-minute consultation with CA V. Viswanathan, FCA, ACS, CFE, IBBI RV. No obligation.

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What the law says — Liberalised Remittance Scheme — RBI Master Direction; Income-tax Act s.206C(1G)

Under the Liberalised Remittance Scheme a resident individual may remit up to USD 250,000 per financial year for permitted current and capital account transactions, through an AD bank, with PAN and a declaration in Form A2. Tax is collected at source under s.206C(1G) above the threshold, at rates that depend on the purpose.

How does the procedure work?

  1. Confirm the purpose is permitted under LRS
  2. Aggregate remittances across banks for the USD 250,000 limit
  3. File Form A2 and the LRS declaration with the AD bank
  4. Account for TCS under s.206C(1G) and claim credit in the return
  5. Report foreign assets in Schedule FA of the income-tax return
Time limitLimit per financial year (April to March)
FormsForm A2; TCS statement; Schedule FA
Consequence of defaultRemittances beyond the limit or for prohibited purposes are contraventions requiring compounding

Source: FEMA, 1999. Last reviewed 2026-10-14.

Which laws govern this service? — FEMA

The statutory provisions this service is delivered under, linked to the official text:

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