RBI/FEMA compliance for US companies
Review the India-side reporting that may apply to an Indian resident or business holding, funding or operating a US company.
What we can help with
- Residency, ownership, control and funding review
- Designated AD bank, UIN and Form FC record review
- Applicable event-based overseas-investment reporting
- APR and other annual reporting assessment
- US-to-India record and intercompany coordination
- Late or incomplete reporting review where scoped
How we work
Map your structure
Review residency, entities, ownership, control, funding, transactions and the designated AD bank.
Define the obligations
Separate applicable event filings, annual reports and supporting records from items that do not apply.
Coordinate records
Coordinate the agreed documents and AD-bank handoff, with responsibilities recorded before work begins.
Start with the investor, the foreign entity and the designated AD bank
This service is for Indian residents and Indian entities that hold, fund or operate a US company, as well as teams reviewing an existing India–US structure. Tax residency alone does not settle the position. We map the investor, residence status, equity, control, financial commitment, remittances, transactions and the records held by the designated Authorised Dealer Category-I bank.
The review separates event-based reporting—such as the applicable sections of Form FC—from recurring work such as an Annual Performance Report. A UIN is important reporting evidence, but the RBI Master Direction says its allotment only records the investment in the database; it is not RBI approval. FLA reporting, export documentation and intercompany tax records are distinct workstreams and are included only when they apply and are named in the scope.
If reports are late, we first establish the filing, due date and records before describing a route. The current Master Direction lists a ₹7,500 late-submission fee per delayed APR while the LSF option remains available, generally up to three years from the reporting due date. That is not a promise that every late case can use LSF, avoid penal action or obtain a particular outcome. Communication and filing are coordinated through the designated AD bank.
Records to start with.
- Investor, residence and ownership details
- Foreign entity governing and shareholding records
- UIN and available Form FC or legacy ODI reports
- Remittance, bank and financial-commitment records
- Prior APR, FLA or other applicable acknowledgements
- AD-bank queries and outstanding notices
Scope and fee basis.
The quote reflects the structure, foreign entities, investors, reporting events, years, available records, certification needs and bank queries. Filing fees, bank charges and late-submission fees are separate where applicable.
ZenoLedger coordinates only the agreed work. The investor supplies accurate records; the relevant professional certifies where required; the designated AD bank conducts its review and reports through the RBI system.
Event filings and annual reports are different work.
Form FC and related event reporting record particular investments or financial commitments. APR reports the foreign entity's annual performance where the obligation applies.
Packages to consider
Compare the full package scope with the work your company needs. Government fees and third-party charges are separate.
Common questions
Does every company need the same filings?
No. Requirements depend on residency, ownership, structure, transactions and activity. The engagement is scoped around those facts.
Can you review an existing structure?
Yes. We can assess the available UIN, Form FC, remittance and annual-reporting records, then scope current and historical work separately.
Does a UIN mean RBI approved the investment?
No. The RBI Master Direction says a UIN records the investment in the reporting database; it is not an approval.
Related guidance
Sources checked 25 October 2026: RBI Overseas Investment Master Direction, updated 1 April 2026 and Overseas Investment Regulations, 2022. This is not expert review of a particular structure.
Ready to discuss india–us compliance?
Tell us about the company, the records you have and the work you need. We will clarify the scope and next steps.