Foreign Exchange Management Act
Foreign Exchange Regulations
The Central Government developed the Foreign Exchange Management Act (FEMA) to encourage external payments and cross border trades. FEMA was introduced in the year 1999, replacing FERA (Foreign Exchange Regulation Act).
The FEMA Act main objective was to facilitate the orderly development, external payments, and maintenance of foreign exchange market in India.
When a Foreign Investor invests in India or an Indian investor invests outside India, that person must comply with the Foreign Exchange Regulations. The Foreign Exchange Regulations are framed by the Directorate of Foreign Trade and the Reserve Bank of India (RBI).
Applicability of FEMA Act
FEMA is applicable in India and is equally applicable to the agencies and offices located outside India that are owned or managed by an Indian Citizen. FEMA applies to the following:
- Foreign Security.
- Foreign Exchange.
- Exportation of commodity or service from India to a country outside India.
- Securities, as explained under Public Debt, 1994.
- Purchase, sale, and exchange of any kind.
- Banking, insurance, and financial services.
- An Overseas Company owned by an NRI.
- Any Citizen of India, residing in a country outside India (NRI).
Our Advisory Services
The team of Global ARM Corporate Services provides expert advisory services in FEMA for following broad issues:
How Investment can be Made by Way of Capitalization as per Foreign Exchange Regulations?
How to Acquire a Foreign Company without Tender or Bidding Procedure as per Foreign Exchange Regulations?
How can Individuals Invest Abroad as per Foreign Exchange Regulations?
Foreign Currency Convertible Bonds (FCCBs) as per the Foreign Exchange Regulations
Key Offerings by Global ARM Corporate Services
Providing assistance to Foreign Companies for setting up a branch office or liaison office and project office.
Regulatory Due Diligence
Advice on Foreign Exchange Transactions
Compliance with regulatory risk analysis of past & present
Representation before authorities like RBI & Revenue Departments
Obtaining approvals for External Commercial Borrowing
Check Other Services Offered
Get In Touch
info@globalarm.in
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