Entry route analysis
Automatic vs. approval route
The first question in any FDI: does your sector allow investment automatically, or does it need government approval?
- Sector mapping to the automatic or government approval route.
- Advisory on prohibited sectors and conditionalities.
- Preparing the approval-route application where required.
Sectoral caps & conditions
Even where FDI is allowed, a cap and sector-specific conditions may apply.
- Checking the applicable sectoral cap and any performance conditions.
- Total foreign-holding computation across direct and indirect routes.
Instrument selection
The instrument you issue determines both flexibility and compliance.
- Equity, CCPS and CCD (compulsorily convertible instruments).
- Convertible notes for eligible startups (Form CN).
- Structuring conversion terms so they remain FEMA-compliant.
Pricing guidelines & valuation
FEMA sets a floor (and for exits, a ceiling) on the price of cross-border share issues and transfers.
- Applying the pricing guidelines to issues and transfers.
- Coordinating the valuation certificate from a registered valuer / merchant banker.
Reporting linkage
Structuring and reporting are two halves of the same job — we make sure they line up.
- Mapping the deal to its FC-GPR / FC-TRS filings on the FIRMS portal.
- See the FEMA & RBI Compliance page for the full reporting detail.
Downstream investment
When a foreign-owned company invests further into another Indian company.
- Indirect (downstream) investment structuring and Form DI reporting.
- Ensuring the sectoral cap is respected down the chain.
Investor-ready documentation
A clean compliance file is what lets a funding round close on time.
- Compliance documentation and declarations for the round.
- FEMA health-check and clean-up ahead of due diligence.
This page is a general overview of services and does not constitute legal advice. Forms, thresholds and deadlines change with statutory notifications — please confirm the position for your specific case before acting.
Raising foreign capital?
Tell me the deal — I'll confirm the route, the caps, and the reporting.
Share your sector and the shape of the investment, and you'll get a clear view of the entry route, any caps or approvals, and the filings the round will trigger.