FEMA
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The FEMA, additionally alluded to as the Foreign Exchange Management Act was presented in the year 1999. The demonstration was a substitution of the FERA or Foreign Exchange Regulation Act. FEMA happened on the first of June, 2000. FEMA was passed since FERA didn’t meet the necessities of the arrangements being actualized after advancement. FEMA presented a conspicuous change in the framework by making all the offenses relating to unfamiliar trade as the common offenses, rather than criminal offenses (prior material on account of FERA).
In India, undertakings, ventures, office set of unfamiliar organizations is directed by Indian Central Bank (Reserve Bank of India (RBI)). RBI accords different endorsements and consents as per the Foreign Exchange Management Act (FEMA). We have aptitude in getting different endorsements/clearances for unfamiliar organizations wandering India.
We provide advisory and compliance services encompassing the entire gamut of foreign exchange law as detailed below:
Setting up Joint Venture (JV), Business, Branch, and Liaison Office.
- Compliance of the procedures for repatriation of income/assets from India / to India.
- Allotment or transfer of Shares to non-resident or resident.
- Making applications to the Reserve Bank of India for purchase/sale of shares, debentures & securities and directly to and from Residents in India and outside India.