FEMA
Many entrepreneurs get into the clutches of CONTRAVENTION, which means breach of the provisions of the Foreign Exchange Management Act (FEMA), simply because of inadequate knowledge of compliance, non-availability of authentic legal guidance, improper interpretation of the case and visionless handling of departmental allegations / notices.
The expertise of Team Sri Law falls majorly in the following areas:
- Advisory on the permissible foreign exchange activities and procedures involved
- Advisory on various foreign exchange matters under FEMA including matters relating to inbound investment into India and outbound investment outside India
- Advisory on various approvals under FEMA from the Reserve Bank of India (RBI) and compliance with requirements prescribed by the RBI
- Preparing & Filing periodic statutory requirements with RBI
- Compounding of Contraventions / Offences with the Regional Office & Central Office (Mumbai) of the Reserve Bank of India
- Overseas direct investment (ODI), External Commercial Borrowings, Issue of foreign currency convertible bonds and related matters
- Periodical FEMA Compliances
- FEMA Audit and Due Diligence
- Compliance of the procedure including chartered Accountants Certification for repatriation of income / assets from India
- NRI & PIO related matters
- Opening of liaison office, project office & branch office in India
- All types of Reserve Bank of India approval
- Foreign collaboration agreement with various types of government approvals