USUAL CONTRAVENTIONS UNDER FEMA
- Draw down of External Commercial Borrowing (ECB) without obtaining Loan Registration Number (LRN)
- Allowing draw down ECB under the automatic route :-
- from unrecognized lender
- to ineligible borrower,
- For non-permitted end uses, etc.
- Non-filing of form ODI for obtaining UIN before making the second remittance to overseas WOS/JV for Overseas Direct Investment (ODI)
- Non-submission of Annual Performance Reports (APRs) / copies of Share Certificates
- Delay in submission of the Advance Reporting Format in respect of Foreign Direct Investment (FDI)
- Delay in filing of details after issue of eligible instruments under FDI within 30 days in form FC-GPR
- Delay in filing of details pertaining to transfer of shares for FDI transactions in form FC-TRS by resident individual/companies
- Delay in reporting inflow of FDI within 30 days.
- Delay in allotment of equity/other securities within 180 days.
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