FEMA & FDI · Panaji, Goa
Correct Form LLP-I filing in Goa — the FEMA report an LLP must make when it receives foreign capital contribution — prepared with the right valuation and filed on the RBI’s FIRMS portal within thirty days so the investment is properly recorded.
Overview
When a limited liability partnership receives foreign capital contribution — that is, foreign direct investment — it must report it to the Reserve Bank in Form LLP-I. The form is filed within thirty days of the date the LLP receives the contribution.
FDI in an LLP is permitted in sectors where one hundred percent foreign investment is allowed under the automatic route and there are no investment-linked performance conditions. We confirm eligibility, complete the Entity Master, arrange the valuation and file Form LLP-I on the FIRMS portal. A later transfer is reported in Form LLP-II.
What's covered
From eligibility to a filed Form LLP-I.
Get a fixed-fee quote →Confirming the LLP’s sector allows FDI under the automatic route.
One-time registration of the LLP on the FIRMS portal.
Valuation of the capital contribution as required for reporting.
Reporting the foreign contribution within thirty days of receipt.
Coordinating the inward remittance and KYC from the bank.
Regularising a delayed filing with the prescribed LSF.
Our process
We check the sector, route and the contribution.
Entity Master completed on FIRMS.
Valuation done and Form LLP-I filed in thirty days.
Filing acknowledgement shared and recorded.
Frequently asked questions
Form LLP-I is the FEMA report filed when a limited liability partnership receives foreign capital contribution, that is, foreign direct investment. It records the foreign investment into the LLP with the Reserve Bank through the FIRMS portal.
Form LLP-I must be filed within thirty days from the date on which the LLP receives the foreign capital contribution. Filing within this window keeps the investment compliant and avoids a late submission fee.
An LLP can receive foreign direct investment if it operates in a sector where one hundred percent FDI is permitted under the automatic route and where no FDI-linked performance conditions apply. We confirm this before the investment is received.
The form is filed within thirty days of receipt of the contribution, on the Reserve Bank's FIRMS portal, after the LLP has completed its one-time Entity Master Form. The reporting is made through the Single Master Form on the portal.
Typically the LLP details, the foreign investor's details, the inward remittance advice and KYC from the receiving bank, and a valuation of the capital contribution. We collate these and prepare the form for filing.
Yes. If Form LLP-I is filed after the thirty-day period, it can be regularised by paying a late submission fee prescribed by the Reserve Bank, based on the amount involved and the delay. Filing on time avoids the fee.
FC-GPR reports the issue of shares by a company to a non-resident, while Form LLP-I reports foreign capital contribution received by an LLP. Both are FEMA filings on the FIRMS portal but apply to different entity types.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll confirm eligibility and file Form LLP-I on the FIRMS portal within thirty days — no obligation.