RBI Compliance & FEMA Reporting
Annual Performance
Report (APR)
Filing Services
End-to-end APR filing advisory — from FDI/ODI compliance review and Single Master Form preparation to FC-TRS filing, Authorized Dealer bank coordination, and FEMA regulatory reporting for Indian companies with foreign investment.
35+
Years of Practice
3
APR Filing Types
2
Office Locations
7+
APR Service Areas
- APR-FDI, APR-ODI & APR-LLP filing
- FEMA compliance review & FC-TRS filing
- Single Master Form portal submission
- AD bank coordination & regulatory advisory
What is APR Filing?
Annual Performance Report (APR) is a mandatory annual return filed with the Reserve Bank of India (RBI) by Indian companies that have received Foreign Direct Investment (FDI) or made Overseas Direct Investment (ODI). Required under FEMA regulations, APR enables RBI to monitor and compile data on foreign investment flows into and out of India.
The report captures details of foreign investment received, shareholding pattern, financial performance, compliance with sectoral conditions, downstream investments, and guarantees issued. APR must be filed annually through RBI's Single Master Form (SMF) portal.
APR-FDI (Foreign Direct Investment)
For Indian companies (including LLPs) that have received FDI through equity shares, CCPS, CCD, share warrants, or partly paid shares. Reports foreign investment details, shareholding pattern, financial performance, and downstream investments.
APR-ODI (Overseas Direct Investment)
For Indian companies (including LLPs) that have made overseas investments through equity, loans to foreign subsidiaries/JVs, guarantees, or pledging of shares. Reports ODI compliance, overseas entity performance, and repatriation details.
APR-LLP (Limited Liability Partnership)
For LLPs that have received FDI from foreign partners or made overseas investments. Similar to company APR but specific to LLP structure — includes partner details, contribution by partners, and LLP Act & FEMA compliance.
Our Services
APR Filing Services
We Provide
From APR preparation and FEMA compliance review to FC-TRS filing and downstream investment advisory — complete RBI reporting support.
01
APR Preparation & Filing
Review of foreign investment transactions, compilation of required documents, APR form preparation on Single Master Form portal, financial data validation, AD bank coordination, and filing submission with acknowledgement receipt.
FDI Review • Data Entry • SMF Portal • AD Bank
02
FEMA Compliance Review
Review of all foreign investment transactions, FC-TRS filing status verification, compliance with sectoral caps and FDI conditions, downstream investment compliance check, and identification of gaps with remedial action recommendations.
FDI Conditions • Sectoral Caps • FC-TRS • Gap Analysis
03
Delayed APR Filing Support
Identification of pending APR years, data reconstruction for previous years, RBI and AD bank coordination for delayed filings, and regularization of compliance status to avoid issues in future transactions.
Pending Years • Data Reconstruction • RBI Coordination • Regularization
04
FC-TRS Filing Services
FC-TRS filing for share issuance to foreign investors and share transfers between residents and non-residents. Documentation preparation, valuation compliance verification, AD bank filing, and acknowledgement tracking.
Share Issuance • Transfers • Valuation • AD Bank Filing
05
ODI Compliance & Reporting
ODI approval verification and compliance with investment limits, repatriation monitoring, financial statement consolidation, APR-ODI preparation and filing, and RBI reporting for ODI transactions and annual returns.
ODI Approval • Repatriation • APR-ODI • RBI Reporting
06
Downstream Investment Advisory
Review of downstream investment structure, compliance with downstream investment limits, APR reporting for downstream entities, and indirect foreign investment calculations for regulatory compliance.
Structure Review • Investment Limits • APR Reporting • Indirect FI
07
Sector-Specific FDI Compliance
Advisory on sector-specific FDI conditions including defence, retail, real estate, broadcasting, media, print, insurance, banking, and multi-brand retail compliance requirements and restrictions.
Defence • Retail • Real Estate • Broadcasting • Banking
Filing Process
APR Filing Process — Single Master Form
STEP 1
Data Compilation
Gather foreign investment details, financial statements, FC-TRS acknowledgements, downstream investment data.
STEP 2
Portal Registration
Register company on SMF portal through AD bank, obtain login credentials, arrange Digital Signature Certificate.
STEP 3
Form Preparation
Select appropriate APR form (FDI/ODI/LLP), fill required information, upload financial data and documents.
STEP 4
Validation & Submission
Review data accuracy, resolve errors, digitally sign, submit through portal, coordinate with AD bank.
Industries Served
Sectors We
Support
APR filing and FEMA compliance services across diverse sectors with foreign investment.
Regulatory Framework
Governing Laws &
RBI Directions
APR filing is governed by FEMA, RBI Master Directions, Companies Act, and Consolidated FDI Policy. Our team ensures full compliance across all applicable regulations and circulars.
FEMA, 1999
Foreign Exchange Management (Non-debt Instruments) Rules, 2019 — core framework for FDI reporting.
RBI Master Directions
Master Direction on Foreign Investment in India and Reporting under FEMA.
Companies Act, 2013
Provisions relating to foreign investment, share transfers, and corporate compliance.
Consolidated FDI Policy
Sectoral caps, entry routes, and conditions for foreign investment in India.
Common Questions
Frequently Asked Questions
QWhat is APR filing and who needs to file it?
APR (Annual Performance Report) is an annual return filed with RBI by Indian companies that have received Foreign Direct Investment (FDI) or made Overseas Direct Investment (ODI). All companies with foreign shareholders or overseas investments must file APR.
QWhen is the APR filing deadline?
The APR is due by December 31 annually. If the financial year ends on December 31, the APR is due by December 31 of the following year. Late filing may attract late submission fees.
QWhat happens if APR is not filed on time?
Late filing may attract penalties, late submission fees, and operational difficulties in future foreign exchange transactions including repatriation, future foreign investment, and ODI applications.
QWhich portal is used for APR filing?
APR is filed through RBI's Single Master Form (SMF) portal accessible at firms.rbi.org.in. Companies must register on the portal through their Authorized Dealer bank.
QWhat is FC-TRS and how is it related to APR?
FC-TRS (Foreign Currency Transfer of Shares) is a reporting form filed for each foreign investment transaction. APR captures consolidated data from all FC-TRS filings during the year. Companies must file FC-TRS before filing APR.
QCan historical pending APRs be filed?
Yes, delayed APRs can be filed with late fees. Companies should regularize pending APR filings to avoid compliance issues in future transactions.
Beyond APR
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Ready for APR
Filing?
Get in touch to discuss your APR filing, FEMA compliance, or RBI reporting requirements. We serve businesses across India.