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Intelligence Suite — Product 03

Compliance
Check: India
regulatory
readiness

RBI · FEMA · GST · Companies Act 2013

India's regulatory environment is layered, interconnected, and changes without warning. A gap in one framework often cascades into another. ComplianceCheck runs a structured scan of your position across four key regulatory frameworks and tells you exactly what is ready, what needs attention, and what creates material risk if left unaddressed.

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ComplianceCheck · Status Overview Sample Report
Overall Readiness
Partially Ready
RBI — Reserve Bank of India3 Gaps
FEMA — Foreign Exchange ManagementCritical
GST — Goods and Services TaxCompliant
Companies Act 20132 Gaps
Priority Action Required
FEMA compliance for overseas remittances requires immediate documentation update. Penalty exposure is currently active. Estimated time to remediate: 5 to 7 business days with documentation support.
Four regulatory frameworks

Every framework that matters
for operating in India

Regulatory gaps do not announce themselves until there is a penalty, a failed audit, or a blocked transaction. ComplianceCheck maps your position across all four before that moment arrives.

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RBI Compliance
Reserve Bank of India

RBI regulatory requirements are among the most detailed in India's financial framework. For NBFCs, payment system operators, and businesses with external commercial borrowings, non-compliance is not a theoretical risk. It is an operational one. ComplianceCheck covers the full scope of applicable RBI requirements for your entity type.

  • External commercial borrowing compliance and reporting
  • NBFC registration, tier classification, and ongoing obligations
  • Payment Aggregator and Payment Gateway licensing requirements
  • RBI circular compliance for applicable regulated activities
  • Reporting cadence and statutory submission currency
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FEMA Compliance
Foreign Exchange Management Act

FEMA is the most frequently mismanaged regulatory area for businesses with cross-border financial flows. The requirements for overseas remittances, FDI documentation, ODI compliance, and repatriation obligations are detailed and routinely incomplete in growing businesses. A FEMA gap is one of the fastest ways to create a regulatory enforcement problem.

  • FDI documentation, pricing, and reporting compliance
  • Overseas Direct Investment (ODI) obligations
  • Foreign remittance compliance under LRS and business payments
  • Repatriation obligation tracking and status
  • FEMA filing currency with the RBI and Authorised Dealers
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GST Compliance
Goods and Services Tax

GST compliance is among the most operationally demanding of the four frameworks. Return filing requirements, ITC reconciliation, e-invoicing applicability, and reverse charge complexity create ongoing compliance obligations that scale with business activity. ComplianceCheck assesses where your current practices diverge from requirements and where manual processes are creating risk.

  • Return filing currency and GSTR reconciliation status
  • Input Tax Credit eligibility and ITC claim validity
  • E-invoicing readiness and compliance thresholds
  • Reverse charge mechanism applicability and compliance
  • GST registration adequacy across states and supply types
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Companies Act 2013
Ministry of Corporate Affairs

Companies Act compliance obligations extend well beyond annual filing. Board composition requirements, related party transaction frameworks, CSR obligation thresholds, statutory register maintenance, and disclosure requirements create a compliance surface that grows significantly as businesses scale. Gaps often persist unnoticed until an MCA inspection or a due diligence exercise surfaces them.

  • Board composition and independent director requirements
  • Statutory filing currency with ROC and MCA portal
  • Related party transaction documentation and approval processes
  • CSR obligation calculation, spending, and reporting compliance
  • Statutory register maintenance and disclosure completeness
Who needs ComplianceCheck most

If you operate in India,
the risk is already there.
The question is whether you know where.

Profile 01
Foreign Companies with India Operations
International businesses with Indian subsidiaries, representative offices, or significant remittance flows face FEMA and RBI obligations that are easy to mismanage from overseas. The most common issue is FDI documentation that is incomplete or priced incorrectly, a category of gap that creates retrospective penalty exposure. ComplianceCheck maps this before a statutory notice forces the conversation.
Profile 02
NBFCs and Registered Fintechs
RBI regulatory requirements for NBFCs and registered payment system operators are extensive, change regularly, and carry significant penalties for non-compliance. The most common issue is a gap between current operational practices and the requirements of the relevant RBI circular, particularly for businesses that scaled quickly and compliance kept pace only partially. ComplianceCheck flags where the gap exists before an RBI inspection finds it.
Profile 03
Indian Businesses with Cross-Border Activity
Companies that make or receive overseas payments, invest abroad, have foreign shareholders, or send employees on international assignments routinely underestimate their FEMA exposure. The typical assumption is that compliance is the bank's responsibility. It is not. ComplianceCheck provides a clear picture of where obligations sit and what documentation is missing before a statutory notice requires it urgently.
What the ComplianceCheck report includes

A clear map of
what needs to change

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Framework-by-Framework RAG Status
Red, Amber, Green status for each of the four frameworks. Not a generic rating, a specific assessment of your entity's position against current regulatory requirements, with gap count and severity indication for each area.
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Priority Action List with Urgency Ranking
Every identified gap is ranked by urgency: items carrying active penalty exposure are separated from items that need attention in the next 30 to 90 days. You know exactly what to fix first.
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Remediation Guidance for Each Gap
Each gap comes with a plain-language description of what is missing, why it matters, what the consequence of non-remediation is, and what the remediation step involves. Not just a list of problems, a structured path to resolution.
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Live Debrief Call with a Senior Analyst
The report is delivered with a live walkthrough call. You leave with a clear understanding of what to address, in what order, and with what documentation. Follow-on remediation support is available for businesses that need execution assistance.

Know your regulatory
position before someone
else makes you find out

ComplianceCheck is delivered by a senior Finology Nexus analyst with specific expertise in Indian regulatory requirements. The report is structured, actionable, and delivered within 5 to 7 business days.

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Typical delivery: 5 to 7 business days
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