Chartered Accountants◆Practising since 2016

Hong Kong to India · FEMA

Funding the Indian company from Hong Kong: equity, loans and RBI reporting

CA Utsav Dogra, Chartered Accountant, ICAI M. No. 542375 · Updated

In brief

The Hong Kong parent remits Hong Kong or US dollars through an authorised dealer bank; the company allots shares within 60 days and files FC-GPR within 30 days of allotment, at no less than fair value. Parent loans are external commercial borrowings, and every year the company files the FLA return by 15 July.

What is specific to Hong Kong companies

No money can be remitted for shares until approval is granted; Hong Kong itself imposes no exchange controls.

Our services

How SU and Company helps

We handle the FEMA side of every capital movement and fix past gaps.

  • Valuation certificates and pricing checks
  • FC-GPR, FC-TRS and downstream investment filings
  • ECB loan registration and monthly returns
  • Annual FLA return
  • Late fees and compounding applications

Questions

What if FC-GPR is filed late?

A late submission fee applies within the permitted window; beyond it, the contravention is compounded with the RBI.

General information as at 5 November 2026, not advice for a particular case. Indian and Hong Kong rules change often; confirm the current position before acting. Hong Kong law points should be confirmed with a Hong Kong adviser.

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