A S BANKA ADVISORS

The $50,000 Investment that almost triggered a FEMA Violation.

Most founders don’t realize this, but if you miss an RBI Form FC filing for your ODI, the penalty isn’t a slap on the wrist.

It’s 300% of the violation amount.

On a $50,000 investment? That’s $150,000 in penalties.

Last month, a client came to us in panic mode. They’d set up a US subsidiary 3 years ago to handle foreign payments.

It was a smart move for their business growth. But somewhere along the way, they completely missed filing the RBI Form FC.

Now they were about to start their Series A fundraise, and this compliance gap could’ve killed the entire round.

We worked with their AD Banker and got everything regularized in record 30 days. The fundraise moved forward without a hitch.

If you’re running both a Delaware C-Corp and an Indian entity, do yourself a favor, check your ODI compliance today. I’ve seen too many founders discover these issues at the worst possible time.

Want a quick compliance check? Just book a 30-min consultation and we will walk you through it.

#FEMA #ODI #StartupIndia