Own a foreign company or foreign shares? See what RBI expects from you by 31 December.

Describe one holding. You see whether it counts as overseas direct investment, whether this year's annual report is owed, what should already have been filed, and how to fix each gap.

Rules read 17 Oct 2026 · FEMA Overseas Investment 2022
1Describe the holding
2Read your status
3Fix the gaps
4Print the note

1Your holding

5 answers
What you hold
Your equity as a percentage. 0.5 for half a percent.
Do you control it? ?
What your bank has already filed
Not sure? Leave it unticked and ask your bank for your UIN.

Everything else — open only what you need

About the foreign company
31 Dec is most US companies.
Does the law where it is registered require an audit?
A Delaware company or US LLC usually doesn't.
Does it own any other company (including an Indian company)?
Is it in financial services (lending, investment, insurance, payments)?
Is it being wound up?
Money and other holders
Used only for the late fee on the investment report.
How the money went
Anything besides shares?
Does another Indian resident hold more of it than you?
Earlier annual reports, year by year
Names for the printed note blank names print as nothing

Your firm — remembered on this device

How this works

Unlisted foreign shares are overseas direct investment (ODI) at any stake; a listed company becomes ODI at 10% or with control. Anything else is portfolio investment, with no RBI filings.

No annual report is owed if you hold under 10%, without control, and nothing besides shares — or if the company is being wound up. One widely read guide limits the exemption to listed companies; the Regulation's proviso has no such word.

A missed filing is fixed with RBI's late fee within three years of its due date. After that, or for a holding that isn't permitted, it needs compounding (application fee ₹10,000 plus GST); RBI sets the amount.

No annual report is due for an incomplete year when you sell out completely. A sale is reported within 30 days of receiving the money.

Sources: the Overseas Investment Regulations, 2022 · RBI's late-fee circular.

Your answer

Your filings

FilingDue dateStatusHow to fix
    Need the late-fee filing or a compounding application? Karan's firm does these →
    Not in your tax return yet? The foreign-asset disclosure window also closes 31 Dec 2026 — and it does not cover FEMA. Check your route →
    Your data never leaves this browser. This tool reads the FEMA Overseas Investment Rules and Regulations, 2022 and RBI's late-fee circular as they stood on 17 Oct 2026. Whether you have control, and whether an entity is in financial services, are questions of fact. Have your CA confirm the classification before your AD bank files anything. Not legal advice. Statutory rules change; verify against the latest notifications. Maintained by a practising Chartered Accountant.

    Replace the sample with your holding to print a note.