• Consultancy and reporting with regard to:
  1. Investment under FDI, PIS, FII, NRI/ PIO, FVCI
  2. Overseas Company formations and JV/ WOS structuring
  3. Borrowing facilities under External Commercial Borrowings
  4. Establishment and maintenance of Liaison Office, Branch office, project office
• Obtaining approvals from Government/RBI for various transactions
• FCRA registrations, Licenses
• Compounding of offences under FEMA
• Conducting FEMA Audit
• Consultancy and opinion on FEMA matters including current /capital account transactions
• Adhoc compliances under FEMA
• Retainerships

FEMA Advisory Services

FEMA Advisory Services

Whether you are an Indian company receiving foreign investment, an overseas investor entering India, or an Indian business expanding globally, ensuring Foreign Exchange Management Act , 1999 (FEMA) compliance is essential for smooth cross-border transactions and regulatory certainty. FEMA governs how the money moves — and getting it wrong carries real regulatory and financial consequences.

At MMJC, we provide end-to-end FEMA advisory, regulatory compliance, transaction structuring, approvals, and audit services. Our Team advises businesses, investors, and NRIs through the full lifecycle of cross-border structuring: from the first regulatory approval to ongoing reporting to, where things have already gone wrong, compounding of contraventions with the Reserve Bank of India.

What Our FEMA Advisory Covers

Inbound and outbound investment consultancy and reporting

• Foreign Direct Investment (FDI) — structuring, sectoral cap compliance, and RBI/FIRMS reporting
• Portfolio Investment Scheme (PIS) and Foreign Institutional Investor (FII) transactions
• NRI and PIO investment structuring and repatriation
• Foreign Venture Capital Investor (FVCI) registration and investment compliance

Overseas structuring

• Overseas company formation and structuring of Joint Ventures (JV) and Wholly Owned Subsidiaries (WOS)
• Overseas Direct Investment (ODI) compliance and RBI reporting (Form FC, APR filings)

Borrowing and lending

• External Commercial Borrowings (ECB) — structuring, RBI reporting (Form ECB), and end-use compliance

Establishment of foreign presence in India

• Setting up and ongoing compliance for Liaison Offices, Branch Offices, and Project Offices
• Annual Activity Certificates and RBI/AD Bank liaison

Approvals and government liaison

• Obtaining approvals from the Reserve Bank of India and relevant Government departments for FEMA-regulated transactions

FCRA

• FCRA registration, prior permission applications, and licensing for entities receiving foreign contributions

Compounding and audit

• Compounding of offences under FEMA before the RBI — from application to representation
• FEMA Audit — a structured review of an entity’s cross-border transactions and filings to identify contraventions before the regulator does

Ongoing advisory

• Opinions on current account and capital account transactions
• Ad hoc FEMA compliance support for one-off or unusual transactions
• FEMA retainership arrangements for businesses that need continuous, on-call regulatory support

Who Needs FEMA Advisory

• Indian companies raising foreign investment or planning an overseas subsidiary/JV
• Foreign companies setting up a Liaison, Branch, or Project Office in India
• NRIs and PIOs investing in or repatriating funds from India
• Entities receiving foreign contributions and requiring FCRA registration
• Companies that have identified — or suspect — a past FEMA contravention and need to approach the RBI for compounding
• Businesses that want a retained FEMA advisor rather than one-off, transaction-by-transaction support