The FEMA (Foreign Exchange Management Act, 1999) compliance refers to meeting all legal obligations, documentation, advisory, compliance, and consulting services and reporting requirements under FEMA and Reserve Bank of India (RBI) guidelines for the businesses and the individuals involved in international transactions, it includes receiving capital, making payments abroad, or handling export/import proceeds, Incorporate Foreign Subsidiaries, Branches and Liaison offices.
The FEMA focuses on promoting transparent and lawful dealings in foreign currency, particularly in the context of Globalization and increasing Foreign Investment in India.
Key Aspects involve
- FDI, ODI, ECB Services and filing of Returns
- Incorporation / Business Registrations
- Funding/Investment and Due-Diligence
- Liasoning Services
- Compounding services