What corporate legal services does Corporate Legit provide?

Corporate Legit offers India Entry Services, International Taxation, Direct & Indirect Taxation, Secretarial & Corporate Legal Compliances, Foreign Direct Investment, Intellectual Property Rights, Licensing and Registration, company registration services, Merger and Amalgamation (M&A), Litigation, Virtual CFO Services, International Advisory, Audit Services, and Registration of NGOs.

What India Entry Services do you offer?

India Entry Services helps foreign companies establish operations in India. The service assists with business structuring, necessary approvals, and compliance requirements for foreign businesses seeking to enter the Indian market.

What does your Corporate Secretarial practice cover?

Our Corporate Secretarial practice handles statutory compliance requirements for companies operating in India, including corporate legal documentation, board meeting management, and regulatory filings.

What are your Corporate Restructuring services?

Corporate Legit’s restructuring services include mergers and acquisitions, demergers, and corporate restructuring activities in accordance with regulatory requirements.

What Intellectual Property services do you provide?

We provide trademark search and registration services in IP databases, along with other intellectual property protection services, to safeguard clients’ IP rights in India.

How does Corporate Legit handle taxation matters?

Our taxation practice provides advice under Direct & Indirect Taxation, including income tax planning, GST compliance, double taxation avoidance advisory, and international taxation matters, to ensure clients remain compliant with Indian tax laws

What Registration & Licensing Services do you offer?

Corporate Legit provides registration and licensing services to help businesses obtain the necessary operational permits and registrations to conduct business legally in India.

What are your Regulatory Compliance & Audit Services?

We provide Corporate Compliance services to help businesses meet their statutory obligations and remain compliant with Indian regulatory requirements, along with supporting them through audit services in India whenever needed.

Do you provide Virtual CFO Services?

Yes, Corporate Legit offers Virtual CFO services for businesses requiring financial management expertise without a full-time Chief Financial Officer.

What makes Corporate Legit’s team qualified?

The senior members of the Firm possess professional qualifications in law, accountancy, company secretarial practices and management with international class experience from working with world-class advisory firms, including Big-4 accounting firms and international law firms.

Do you assist with NGO registration?

Yes, Corporate Legit provides Registration of NGOs (Non-Government Organisation) services to help establish non-profit entities in India.

How can businesses contact Corporate Legit?

Businesses can contact Corporate Legit at +91 9990607535, email at office@thecorporatelegit.com, or visit the office at A-77, Second Floor, Sector-4, Noida 201301, New Delhi NCR, India.

What is a FEMA compliance audit in India?

A FEMA compliance audit India is a structured review of a company's foreign exchange transactions and regulatory filings under FEMA 1999 and RBI's rules and master directions. It identifies missed FC-GPR and FC-TRS filings, FLA return gaps, ODI Annual Performance Report non-filings, valuation non-compliance, and instrument misclassifications that constitute compoundable contraventions.

2. How often should a foreign-owned Indian company conduct a FEMA compliance audit?

At minimum, a FEMA audit for foreign companies India should be conducted annually and mandatorily before any significant transaction including a new equity round, a secondary share sale, an M&A transaction, or an IPO. Violations discovered proactively can be compounded on the company's timeline. Violations discovered during due diligence must be compounded on the transaction's timeline.

What is the penalty for missing the FC-GPR filing deadline?

FC-GPR must be filed within 30 days of share allotment. Late filings attract a Late Submission Fee calculated on the amount involved and the delay period. If the delay is prolonged, the violation becomes compoundable under Section 13 of FEMA, attracting a penalty of up to three times the amount involved or ₹ 2,00,000 for non-reporting contraventions under the April 2025 revised compounding framework.

Can FEMA violations be regularised without going through the compounding process?

Some violations can be regularised by paying a Late Submission Fee through the FIRMS portal, which covers delayed FC-GPR and FC-TRS filings within a defined window. Violations beyond the LSF window, structural violations, or violations involving incorrect instrument classification or wrong FDI route require formal compounding through RBI.

What happens if a company's APR for ODI is not filed for multiple years?

The AD bank is required to block further outward remittances from the Indian entity until all outstanding APRs are filed. Additionally, the non-filing is a FEMA contravention subject to compounding. Backlogged APRs must be filed along with audited financial statements of the overseas entity for each year missed.

Does a FEMA compliance audit cover transfer pricing?

A FEMA compliance audit India focuses on foreign exchange compliance under FEMA and RBI regulations. Transfer pricing compliance under the Income Tax Act is a separate exercise. However, intercompany transactions reviewed during a FEMA audit often have transfer pricing implications and the two reviews are best conducted together for companies with significant related-party cross-border flows.

Audit Services in India

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