FEMA, 1999
Foreign Exchange Management Act, 1999
To provide consultancy ranging from interpretation of regulatory guidelines to complex individual and corporate issues relating to transactions under FEMA. Areas in which consulting would be offered are:
- Foreign Direct Investment: FEMA provisions relating to Instruments of investment, method of receipt of inward remittance, eligible sectors, compliance requirements, filings with RBI / FIPB, general advisory on FEMA requirements.
- Overseas Direct Investment: FEMA provisions relating to Instruments of investment, mode of investment, eligible sectors, compliance requirements, filings with RBI, General advisory on FEMA requirements.
- External Commercial Borrowing, including funding arrangement: FEMA provisions relating to Instruments of debt, eligibility, Purpose of debt, compliance requirements, filings with RBI, General advisory on FEMA requirements.
- Imports: Advisory on FEMA provisions and Guidance on transaction processing by the Authorised dealer and RBI.
- Exports: Advisory on FEMA provisions and Guidance on transaction processing by the Authorised dealer and RBI.
- Compounding of FEMA violations: The process addresses resolution of contraventions of regulations under FEMA through a procedure known as Compounding. The compounding process is a quasi-judicial process and is administered by RBI. Our experts would provide regulatory guidance for the entire process.