In India, very few Company Secretaries undertake FEMA and RBI work because of its technical intensity and ever-evolving regulation. This leaves a loophole where foreign-invested businesses are underserviced, despite compliance being the single most critical safeguard for their capital flows.
Filling this gap demands not only the knowledge but also the willingness to specialize in an area where only few dare to step in.
This is where ASA (Agilesh Shivani & Associates) compliance has established a unique niche. A CS firm founded in 2017 with an informal start in 2016, the firm is one among a few in India that does not just accept but also thrive in the management of FEMA and FDI/ODI compliances.
Headquartered in Bangalore, the firm has consistently become a reliable option to corporates, startups and foreign subsidiaries both in India and abroad. Through the combination of domain knowledge and technology-driven operations, it has been able to deliver accuracy, timeliness, and transparency that have generated confidence between investors and boards alike.
Expertise across Borders & Industries
The firm’s journey is rooted in recognizing that clients face two persistent challenges: ever-changing regulations and the severe consequences of missed timelines. Whether it is an annual report, such as AOC- 4 and MGT-7, or a specialized form, such as FCGPR and FCTRS for foreign investment; in either case, the threat of penalties is substantial. In response to this, ASA provides clients with compliance calendars, proactive reminders, and end-to-end support.
This systematic approach does not only protect companies from regulatory traps, but also makes compliance a cornerstone of sustainable growth.
The difference between ASA Compliance and its peers lies in its philosophy of going beyond transactional support. Instead of just filling in forms, the company provides value added strategic secretarial solutions. Having specialized knowledge about FEMA, SEBI, and RBI frameworks, the firm creates a specific compliance roadmap for each client to match regulatory requirements of specific industries.
“Our technology-driven processes ensure accuracy, efficiency and transparency, while our governance-oriented advisory enables corporates to focus on business development without being distracted with compliance issues”, says Agilesh R, Founder Partner, ASA Compliance.
Skilled Professionals Driving Accuracy & Trust
The company includes a well-trained team of nine professionals, such as company secretaries and compliance specialists, with a strong partner-led structure of review being its strength. Each client is assigned a specific manager, supported by trainees and supervised by partners to guarantee quality and accuracy in all engagements.
The expertise of the team stretches from statutory filings and FEMA transaction reporting to board and shareholder advisory, documentation, and governance processes.
Having clients in Bangalore, Mumbai, Delhi, and even overseas subsidiaries in France, Italy, the UK, Singapore, and Germany, ASA Compliance has demonstrated that it has the ability to deal with both domestic and cross-border compliance issues.
Our technology-driven processes ensure accuracy, efficiency and transparency, while our governance oriented advisory enables corporates to focus on business development without being distracted with compliance issuesShivani Agilesh, Founder Partners
ASA Compliance values its client-first strategy based on trust, consistency, and long-term value-creation. By designing tailored compliance solutions that align with each client’s growth journey, the firm fosters enduring relationships. Transparency, effective communication, and proactive alerts ensure clients are confident and future-ready, while the firm shall provide not only compliance but also tranquility.
Since its establishment, it has continued to expand, moving from its early focus on FEMA compliances to becoming a pan-India compliance partner. Its reputation as one of the firms that confidently manages FEMA and RBI assignments has won it the trust of large corporations, startups, and international enterprises.
“Today, ASA Compliance manages complex portfolios, including one of the largest business groups in Mumbai with over 1000 foreign investors, which underscores our capability to handle high-stakes compliance at scale”, mentions Shivani Agilesh, Founder Partner, ASA Compliance.
Strengthening Services for a Global Clientele
In addition to these strategic priorities, ASA Compliance has established itself as a one stop compliance partner through an expansive network of partners in legal, taxation and chartered accountancy. It provides flexible models depending on the requirements of the clients; it ranges from whether a client requires full secretarial compliance, specialized FDI/ODI advice, retainer arrangements, or ad hoc assistance.
In the future, the company is determined to build up its technological solutions in order to automate compliance monitoring, regulate integration, and improve client experience. It is also looking to expand its portfolio to include the entire corporate lifecycle, from incorporation to mergers, acquisitions, director compliance and company closures, while enhancing its independent director service offerings to foreign companies entering India.
Being progressive in its outlook over efficiency, innovation and governance excellence, ASA Compliance is poised to redesign how businesses navigate India’s complex compliance landscape, converting regulatory hurdles into growth opportunities.
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