FEMA Compliance Services

Regulatory Framework and Advisory: Guidance on FEMA regulations, including those related to Foreign Direct Investments (FDI), foreign exchange transactions, and current account transactions including but not limited to Overseas Direct Investment (ODI) and External Commercial Borrowing (ECB) from overseas and keeping businesses informed about changes in FEMA rules and regulations.

Documentation and Reporting: Assistance in preparing and filing various FEMA-related forms and returns such as:

• Form FC-GPR (Foreign Currency-Gross Provisional Return): For reporting foreign investments in Indian companies.
• Form FC-TRS (Foreign Currency-Transfer of Shares): For reporting the transfer of shares between residents and non-residents.
• Form FC (Financial Commitment): For reporting of Overseas Direct Investment by Indian entities/Individuals overseas.
• Form APR (Annual Performance Report): Annual report on Overseas Direct Investment by Indian entities and individuals abroad.
• Form FLA (Annual Returns on Foreign Liabilities and Assets) for reporting of Foreign Liabilities and Assets held by Indian entities overseas.
• Form ECB-2 (External Commercial Borrowing) Monthly Report of External Commercial Borrowing by Indian Companies.
• Other FEMA forms. Other routine and transaction-based forms such as Downstream investment or issuance of Commercial Notes, Form LLP 1 and 2 w.r.t. FDI received by LLP or transfer of stake, Form ESOP, etc.

Representation and Regulatory Liaison: Liaison between the entity and regulatory authorities such as Authorised Dealer Bank and RBI for any FEMA-related matters including FEMA Compliance, regularisation of transactions and obtaining of FDI and ODI approval.   

FCRA Registration

In today’s world, with an increased global focus on social and environmental issues, companies are moving beyond profit to actively contribute to social, economic, cultural, and environmental progress.

For organizations in India aiming to receive foreign donations to support these initiatives, Foreign Contribution Regulation Act (FCRA) registration is essential. This registration ensures that foreign funds are used for lawful purposes and adhere to regulatory standards.

What we offer

• Registration and Renewal or FCRA Registration
• Prior Permission obtainment for foreign donations
• Preparation of Annual Activity report for NGO, Trust or society established in India
• Preparation of Project report of NGO, Trust or society established in India
• Regulatory Liaison with the Ministry of Home Affairs.  

Trade License registration

A trade license is an official document or certificate that authorizes an individual or entity to start and operate a specific type of business in a designated area in the state. This license is issued by the Municipal Corporation of the respective state.

State governments require a trade license for conducting specific businesses or trades in designated areas to ensure that all operations adhere to ethical standards and prevent unethical practices. The professional team at ASC can assist with obtaining and renewing registrations across India efficiently and smoothly.

Process for Obtaining a Trade License:

• Visit the Licensing Department: Approach the Municipal Cooperation and visit the licensing department to gather information and instructions.
• Regulatory Liaison and Obtain Trade License Registration Number/Certificate: Engage with regulatory authorities to follow up on the application status and obtain the trade license registration number or certificate.
• Submit the Application: Apply either manually or through e-filing, depending on the state-specific requirements.
• Prepare and Arrange Supporting Documents: Collect and organize all necessary supporting documents required for the application.
• Assist in Filling the Application Form: Receive assistance with completing the application form accurately.

FSSAI Registration

FSSAI (Food Safety and Standards Authority of India) registration is required for businesses involved in the food industry to ensure compliance with food safety regulations. The scope for FSSAI registration covers a broad range of entities and activities. ASC can help with acquiring the following FSSAI licenses. Our team ensures a smooth and efficient process for obtaining these essential licenses: -

• FSSAI Basic Registration: Required for Food business operator (FBO) with an annual turnover below Rs. 12 Lakhs.
• FSSAI State License: Required for FBOs with an annual turnover above Rs. 12 Lakhs but below Rs. 20 crores; and,
• FSSAI Central License: Required for FBOs with an annual turnover exceeding Rs. 20 crores.

MSME Registration

MSME registration is an official process for acknowledging small and medium-sized enterprises under India's Ministry of Micro, Small, and Medium Enterprises. It offers businesses access to government schemes, financial aid, and tax benefits. The registration is completed online via the Udyam Registration Portal, where businesses provide their details and documents. Experts at ASC can assist in obtaining and amending MSME registration efficiently and smoothly. 

Import-Export Code (IEC) Registration

IEC is mandatory for entities involved in importing or exporting goods and specific services from India. The process involves applying to the Directorate General of Foreign Trade (DGFT) with necessary documents, such as proof of business, identity, address, bank details, etc. Once approved, the IEC is issued, allowing businesses to import and export goods legally. This registration needs to be renewed periodically and updated with any changes in business details.

Experts at ASC can assist in obtaining IEC registration or its renewal efficiently and smoothly. Ensuring regulatory compliance is crucial for smooth business operations and avoiding legal complications, and we are here to help you navigate these requirements with ease.