An increased flow of funds, inbound as well as outbound has increased the level of check on
compliances in context of foreign exchange. A need arises with the Corporate to keep a
regular eye on foreign exchange transactions, in context of sectoral caps, investment caps,
so as to circumvent from the huge penalties.
In order to avoid damaging circumstances, we have specially designed this services, to
ensure due compliance of Foreign Exchange laws.
Under FEMA Retainership, we offer the following : With the in depth knowledge of
international markets and the Foreign Investment Management Act (FEMA), 1999 and have
comprehensive experience in cross border transactions, we assure to :
- Assist in preparation of regular compliance
- Preparing the necessary documents & application for obtaining necessary approvals
authorities like Foreign Investment Promotion Board (FIPB), Department of Industrial
Policy & Promotion (DIPP), Secretariat for Industrial Assistance (SIA) & Reserve
Bank of India (RBI), etc.
- Filing with Reserve Bank of India
- Maintain a check on compliance (FDI, ODI, Export, Import etc.)
- Half Yearly Exchange Audit
- Regular Updation on Foreign Exchange Laws
Various transactions involving Foreign exchange requires the approval of authorities before
execution, it is therefore necessary that due permissions are taken before hand, in order to
avoid any penalties later. We assist the clients in the following :
- Identifying the approvals & authorities, from which it is taken.
- Identifying the approvals & authorities, from which it is taken.
- Replying to Queries
- Personal Liasoning for quick & positive results
With the introduction of FEMA 1999 in India, an era of liberalized environment and an
investor friendly foreign exchange market was introduced and as a positive effect, the
number of transactions relating to inward and outward remittance by way of equity
participation, import of goods and services , borrowings, investment outside India has
drastically increased. Transactions & dealings in foreign exchange requires due care,
since stakes involved in such transactions are on a high end and irregularities may
cause violation of provisions which entails payment of monetary penalties and fines ,
which may extend to civil imprisonment, if penalties imposed not paid in the prescribed
time.
Our expert and professional team at Corporate Professionals, has gained an expertise on the
subject over the years and therefore can ensure that your dealing or transaction in foreign
exchange is executed in the right manner.
We provide the following services :
- Advisory on Transactions involving Foreign Exchange
- Setting up of Branch office, Liaison office, Project office and related compliances.
- Advisory on interpretational issues in Foreign Exchange laws.
- Advisory on Foreign Exchange Compliance.
