Capital Account Certificate for ECB and FEMA

Late or wrong ECB reporting is a FEMA contravention with late-submission fees. Patron Accounting has supported over 10,000 clients, and our CAs certify ECB-2 and capital-account compliance with UDIN.

We provide the CA certification your capital-account transactions need under FEMA, including the monthly Form ECB-2 return, scrutinised, certified, and filed through your AD bank to the RBI, with a valid UDIN.

Content is reviewed quarterly for accuracy.

Capital-account and ECB certification arises across the life of a foreign borrowing or investment.

• Monthly ECB-2 return: the recurring certified return of actual ECB transactions.
• Drawdown reporting: reporting the drawdown of ECB proceeds after the LRN.
• Parameter changes: revised reporting on changes to ECB terms.
• FC loans and capital-account transactions: certification under FEMA.

• ECB loan agreement and the lender details.
• Loan Registration Number (LRN) allotted by the RBI.
• Drawdown and utilisation records.
• Prior Form ECB-2 returns and the AD bank details.
• Details of any change in ECB parameters.

Tell us the reporting month and any parameter changes so the ECB-2 is complete and on time.

What you receive: certified Form ECB-2 for the relevant month; the capital-account certificate, where a transaction needs one; a compliance note on route, maturity, and end-use; and the CA signature, seal, membership and firm numbers, and UDIN.

All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.

Professional service charges for drafting, filing, and representation are separate from the statutory fees. The exact fee depends on the complexity of the case, disputed amount, and number of hearings required. Contact us for a detailed quote.

Get a free Capital Account Certificate consultation - Call +91 945 945 6700 or WhatsApp us. No-obligation assessment.

10,000+ Businesses | 4.9 Google Rating | 50,000+ Documents Processed | 15+ Years

"Patron Accounting gives the best service related to all account handling of our firm. She files all returns timely and is most kind and respectful towards us." - Nikhil Nimbhorkar, Google Review

"I've had an outstanding experience working with Patron Accounting. Their professionalism, attention to detail, and timely communication made the entire process smooth and stress-free." - Subhendu Mishra, Google Review

Outcome proof: a company that had raised an ECB from its foreign parent was behind on its monthly ECB-2 returns; we scrutinised the documents, certified the pending returns, advised on the late-submission fee to regularise the delay, and put the monthly filing on a retainer so it stayed compliant.

With offices in Pune, Mumbai, Delhi, and Gurugram, Patron Accounting serves borrowers across India - both in-person and remotely.

Capital-account certification works alongside these closely related services:

• FDI Compliance - the closest FEMA sibling, covering foreign investment reporting and the remittance certificates (Form 15CA and 15CB, and the inward remittance FIRC).
• Private Limited Company - the entity raising the foreign funds.
• Statutory Audit - the audited base behind the ECB reporting.

An External Commercial Borrowing is a privilege under FEMA, available on terms the RBI sets: an eligible borrower, a recognised non-resident lender, the automatic or approval route, and norms on minimum average maturity, all-in-cost, and end-use, for instance, ECB proceeds generally cannot fund working capital or repay rupee loans except in defined cases. Before any drawdown, the borrower obtains a Loan Registration Number from the RBI, and from then on every month's actual transactions are reported in Form ECB-2, certified by a CA or CS, and routed through the AD Category-I bank to the RBI's DSIM within seven working days of month-end.

The reporting is strict because the RBI monitors the country's external debt through it. A late or missing ECB-2, or an unreported change in terms, is a FEMA contravention, which can be regularised through a late-submission fee, INR 5,000, or INR 50,000 or INR 100,000 per year depending on the delay, but only if caught and addressed. This is why a CA-certified, on-time ECB-2 matters, and why borrowers raising foreign funds, often as part of an FDI or company-funding exercise, keep the certification on a disciplined monthly cycle.

For the governing framework, refer to the Reserve Bank of India (rbi.org.in) ECB Master Direction and the FEMA Borrowing and Lending Regulations. The CA certifies the Form ECB-2 and capital-account compliance after scrutinising the original documents; the LRN is allotted by the RBI, and reporting flows through the AD Category-I bank to the RBI's DSIM. The CA does not raise the borrowing or grant approvals.

ECB reporting runs on a strict monthly clock, and the RBI treats a late or missing ECB-2, or an unreported change in terms, as a FEMA contravention. Delays accumulate late-submission fees by the year and can complicate future borrowing or compounding. A CA-certified, on-time ECB-2, every month including Nil returns, keeps your external borrowing clean and your FEMA record unblemished.

Get a free, no-obligation quote. Call +91 945 945 6700 or WhatsApp our team today.

An ECB or foreign-currency loan brings valuable funds and a strict, ongoing reporting duty. Patron Accounting scrutinises your documents, certifies your Form ECB-2 and capital-account compliance, and files on time through your AD bank to the RBI, with a UDIN.

The result is a foreign borrowing that stays fully FEMA-compliant, month after month, without the risk of contravention. Call +91 945 945 6700, WhatsApp us, or request a free consultation.