Foreign Exchange Managemen

FOREIGN EXCHANGE MANAGEMENT ACT, 1999

The Foreign Exchange Management Act, 1999 (FEMA) is an Act which consolidates and amends the law relating to foreign exchange. The main objective of FEMA is to facilitate external trade and payments and promote the orderly development and maintenance of foreign exchange market in India. FEMA is applicable to whole India and even on offices and agencies located outside India, if those offices belong to a person who is a resident of India.

The scope of our services in this area are:-

1. Consultancy- We provide advisory and compliance services covering the entire gamut of foreign exchange law. To name a few-

  • Residential Status.
  • Direct Investment outside India.
  • Banking and remittances.
  • Setting up a branch/liaison/project office.

2. Planning - We provide advisory related to planning the transactions, projects and agreements involving the provisions of Foreign Exchange Management Act.

3. Investment by Foreign Entities - We provide the consultancy on various Foreign Direct Investment ( FDI) norms and its compliances in India.

4. Taxation - Advisory on taxation of Foreign enterprises.

5. External commercial Borrowings (ECB) - Advisory on Law and procedures on raising External Commercial Borrowings.

6. Issue of Statutory Certificates and filing of various forms under FEMA & RBI regulation.

7. Allotment of Shares to Non- Residents.