FEMA Advisory Services
Foreign Exchange Management Act (FEMA) was introduced in 1999, with the objective of facilitating external trade and promoting foreign exchange market in India. Foreign exchange includes import/export of goods from other countries where the deposits, credits, and balances are payable in foreign currency. Foreign exchange transactions require authority approval and due permissions before execution. Any irregularity causing violation may extend to monetary penalties and civil imprisonment.
At corporate capital ventures, we have gained an expertise on this subject and therefore ensure dealing of our clients under foreign exchange are executed in the right manner.
What we do:
- Identify the necessary approvals for executing a transaction.
- Prepare documents and application for acquiring necessary approvals and permissions.
- Approvals from authorities such as Foreign Investment Promotion Board, Reserve Bank of India, Secretariat for Industrial Assistance, etc.
- Setting up liaison, project, or branch office in India.