Foreign Exchange Regulations
However, there are certain cases which require prior approval from the foreign regulatory authorities for foreign exchange transactions and remittances.
For operations of these regulations in India, one has to take key approval of Reserve Bank of India. RBI also regulates Foreign Exchange or Foreign Exchange Management Act, 1999 (FEMA) in India.
FEA is an important act which looks after the Indians who have gone outside India and for those foreign nationals who are working in India.
Foreign Exchange Regulation FAQ
2. All the branches, offices and set up which are owned and controlled by a person resident outside India.
3. It also includes all the regulations which have a direct impact on external trade and payments
2. Regulatory due diligence
3. Advice on Foreign Exchange Transactions.
4. We carry on clearance in connection with health checkup, regulatory risk analysis of past and present compliances from foreign exchange perspective.
5. Representation before authorities such as reserve Bank of India, Foreign Investment promotion board etc.
6. Assistance in representation for compounding matters and obtaining approvals for external commercial borrowing.
2. Investments in immovable property, shares in India by foreign nationals.
3. Procedure for remittance of salary outside India and other incomes like interest income, interest earned in India.
4. Foreign exchange regulations in respect of the assets acquired outside India before visiting India.
5. Repatriation outside India of the proceeds from sales of shares, immovable properties etc.
6. Procedure for obtaining a person of Indian origin card/ overseas citizenship of India.