Foreign Exchange Laws

An increased flow of funds, inbound as well as outbound has increased the level of check on compliances in context of foreign exchange. A need arises with the businesses to keep a regular eye on foreign exchange transactions, in context of sectoral caps, investment caps, so as to circumvent from the huge penalties. In order to avoid damaging circumstances, we have specially designed this services, to ensure due compliance of Foreign Exchange laws.

We offer the following bouquet of services under our FEMA practice:

• Assist in preparation of regular compliance;
• Preparing support for preparation of the necessary documents & application for obtaining necessary approvals authorities like Foreign Investment Promotion Board (FIPB), Department of Industrial Policy & Promotion (DIPP), Secretariat for Industrial Assistance (SIA) & Reserve Bank of India (RBI), etc.;
• Filings with Reserve Bank of India;
• Advisory on Transactions involving Foreign Exchange;
• Setting up of Branch office, Liaison office, Project office and related compliances; and
• Maintain a check on compliance (FDI, ODI, Export, Import etc.).

Advisory and Litigation Services:

• Advisory on inquiry under FEMA;
• Investigation support on summons issued by Directorate of Enforcement (ED);.
• Drafting of replies to notices issued under FEMA laws;
• Drafting and filing appeals in Appellate Authorities and Appellate Tribunal;
• Drafting and Filing of Appeals and Writ Petitions to High Court under FEMA;
• Advisory on inbound investment into India and outbound investment outside India;
• Foreign collaboration agreement;
• Advisory on FEMA implication on business transactions; and
• Representation before all quasi-judicial and judicial fora.