Foreign Exchange Management Services
The Foreign Exchange Management Act, 1999 (FEMA) has been introduced as a replacement for earlier Foreign Exchange Regulation Act (FERA). The main objective behind the Foreign Exchange Management Act, 1999 is to consolidate and amend the law relating to foreign exchange with objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India. The present economic scenario in India provides a red carpet for setting up various kinds of business activities. India has been rated as one of the most dynamic markets of the world in terms of business development. There are many areas of businesses such as infrastructure, telecommunication, Information Technology, retail, etc., where the foreign investment demands are much higher. We provide advisory and compliance services encompassing the entire gamut of foreign exchange law as detailed below:
- Determination of Residential status o Investment in Business in India directly and by floating offshore companies (Inbound Investment)
- Setting up branch / liaison office / project office in India
- Portfolio investments in India
- Direct investment outside India (Outbound Investment)
- Setting up branch outside India
- Raising of funds through FDI, FII, FCCB and ECB
- Obtaining FIPB Approval
- Repatriation of funds
- Foreign Collaborations and Joint Ventures