Common FEMA Mistakes Businesses Make | Avoid Penalties & RBI Notices

Описание: FEMA compliance errors are one of the most common reasons businesses and individuals receive RBI notices, penalties, and Enforcement Directorate scrutiny.

In this video, we explain the most common FEMA mistakes made by exporters, startups, NRIs, and Indian businesses dealing in foreign exchange—and how you can avoid them before they turn costly.

What You’ll Learn in This Video

– What qualifies as a FEMA violation under FEMA Act, 1999
– Common FEMA mistakes made during foreign remittances
– Errors in FDI, ODI, and RBI reporting
– Why incorrect purpose codes create compliance risks
– Common exporter mistakes in repatriation of foreign earnings
– Mistakes NRIs make while remitting or investing in India
– How delayed or missed filings attract penalties
– Practical steps to stay FEMA compliant

Most Common FEMA Mistakes Covered

– Delayed repatriation of export proceeds
– Using incorrect purpose codes for remittances
– Non-reporting or delayed reporting to RBI
– Mixing current account and capital account transactions
– Using borrowed funds under LRS
– Incorrect handling of FDI or ODI structures
– Poor documentation and missing audit trails

Why These Mistakes Matter

– FEMA penalties can go up to 3x the amount involved
– Repeated violations can lead to ED investigations
– Bank accounts and transactions may get frozen
– Business expansion and foreign funding can be blocked

Who Should Watch This Video

– Exporters and importers
– Startup founders and CFOs
– NRIs managing Indian investments
– Businesses receiving or sending foreign funds
– Anyone dealing with cross-border transactions

How to Stay FEMA Compliant

– Understand FEMA Act, 1999 and RBI guidelines
– Maintain proper documentation for every transaction
– Ensure timely RBI filings and repatriation
– Seek expert guidance before structuring transactions

About FEMABIDE Advisorz

We are FEMA compliance consultants helping businesses and individuals avoid penalties through proactive FEMA audits, RBI reporting support, and foreign exchange advisory.

📍 Hyderabad | PAN-India support
🌐 www.femabide.com

📞 99333 85556