If you export goods or services, one FEMA number governs your cash flow more than almost any other: the realisation period, the outer limit within which you must bring in and repatriate the full value…
On June 24, 2026, the Reserve Bank of India carried out one of the largest housekeeping exercises in the history of India's foreign-exchange framework. Through A.P. (DIR Series) Circular No. 18 (reference RBI/2026-27/175), the RBI…
Note: All section references in this article are to the Income-tax Act 2025 (effective April 1, 2026), which has re-enacted the corresponding provisions of the Income-tax Act 1961 without substantive change to the transfer pricing…
Key Takeaways FEMA penalties can be up to 3x the contravention amount for ongoing violations. RBI's compounding facility lets you self-report and settle penalties before enforcement action. The compounding fee depends on the contravention amount,…
Expanding abroad is exciting. But for most Indian startups, it also comes with a compliance minefield that nobody warns you about. We put together a visual guide covering the 5 most common things that go…
If your startup has ever explored raising foreign debt, or if your CA has advised foreign portfolio investors on Indian allocations, the compliance landscape just shifted. RBI's A.P. (DIR Series) Circular No. 05, dated April…
Every week, at least one founder asks me: "I want to set up a US entity. How do I do it?" The answer is not "just incorporate in Delaware." The answer starts with understanding which…
March 31 is four days away. If your startup has foreign investors on its cap table, or if you have set up a subsidiary overseas, there are two RBI filings you cannot afford to miss:…
A Landmark Shift in Indian M&A Financing On February 13, 2026, the Reserve Bank of India issued amendment directions that, for the first time, allow commercial banks to directly finance corporate acquisitions. Effective April 1,…
On January 6, 2026, the Reserve Bank of India notified the FEMA (Guarantees) Regulations, 2026, replacing a framework that had governed cross-border guarantees since 2000. For founders with overseas subsidiaries, startups raising cross-border capital, and…
