Compliance Advisory of ECB
External Commercial Borrowings are those commercial loans that are taken by the Public Sector
Undertakings and Companies. These loans are borrowed from the foreign companies and foreign
institutional investors. ECB offers an interest of higher rate in comparison to the loans which are
borrowed in India
Annual Return on Foreign Liabilities and Assets
All India-based enterprises that have received FDI or made ODI in any previous year, including the
current year, are required to file an Annual Return for Foreign Liabilities and Assets.
If an Indian firm does not make any FDI or ODI investments by the end of the reporting year, it is not
required to file the FLA Return. However, if an Indian firm has any outstanding FDI or ODI, the FLA
return must be filed every year.
Annual Performance Report
Those Indian parties or residents who have made an Overseas Direct Investment must submit an
annual performance report (ODI). In addition, joint Venture, Wholly Owned Subsidiaries (WOS)
outside India must submit an Annual Performance Report in Form ODI Part II to the AD bank on or
before the 31st of December each year.
Transaction based FEMA consultancy services
Our FEMA advisors ensure the compliance of our esteemed client companies with any of the FEMA-
relevant provisions. We help in the planning of business matters, transactions, and agreements in
accordance with the FEMA guidelines.
Our team of FEMA experts also enables the clients to plan their tax liability of foreign transactions or
any dual payments on the same income through its experience in FEMA laws and guidelines.
We also advise about the documents to be maintained and RBI Compliance to be made by foreign
companies having a presence in India. Assistance concerning timely reporting to RBI of the
transactions in the nature of sale/purchase of securities, issuance of shares to non-residents, making
remittances outside India, etc. Representation before the RBI Compliance for compounding of
offenses committed under FEMA Compliance.
Other Services
Our wide range of services includes various other financial and non-financial services as per clients’
requirement which includes Startup Registration, Udh yam registration (Business Aadhar or MSME
certificate, LEI (Legal Entity Identification code) registration and renewal, CMA data preparation etc.