The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the basics of facilitating external trade and payments and for increasing the orderly development & maintenance of foreign exchange market in India".Among the various objectives of the Foreign Exchange Management Act (FEMA), an important one is to unite and revise all the laws that relate to foreign exchange and matter related thereto.India, business ventures and investments are taken care by FEMA and there related rules.
We provide a full range of corporate and commercial advice on FEMA.Our professionals provide advise to existing entities on applicable Indian laws and regulations vis-a-vis their business strategies and options. We also update our clients regularly on updates on legislation and policies of the Government that have a bearing on their business interests.
Areas where provisions of FEMA applied:-
- Dealing in foreign exchange.
- Holding of foreign exchange.
- Current account transactions (foreign transactions).
- Capital account transactions.(foreign transactions).
- Export of goods and services.
- Realization and repatriation of foreign exchange.