FEMA


The foreign exchange regulations in India are governed by the Foreign Exchange Management Act, 1999 (“FEMA”). The apex foreign exchange regulatory authority in India is the Reserve Bank of India (“RBI”) which regulates the law and is responsible for all key approvals.

FEMA is not only applicable in India but is also applicable to all branches, offices and set-ups outside India which are owned or controlled by a person resident in India. It also applies to all branches, offices and set-ups in India which are controlled or owned by person resident outside India. FEMA regulates all aspects of foreign exchange and has direct implications on external trade and payments. In this respect we offer following services:

  • Assistance in registration of foreign companies in India and setting up:
    • Branch office
    • Liaison office
    • Project office
  • Foreign exchange filing and compliances with Authorised Dealer Banks (ECB filings) and Reserve Bank of India
  • Assistance Filing of Annual Asset & liability statement
  • Assistance in filing proposals with FIPB for FDI that do not qualify for automatic approval
  • Advising on direct and indirect foreign investment in an Indian company,
  • Assistance in procuring certification from chartered accountants for repatriation of income/assets from India