FOREIGN EXCHANGE MANAGEMENT ACT - COMPLIANCE

1. What is FEMA?

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 objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India". It was passed in the winter session of Parliament in 1999, replacing the Foreign Exchange Regulation Act (FERA). This act makes offences related to foreign exchange civil offenses. It extends to the whole of India, replacing FERA, which had become incompatible with the pro-liberalization policies of the Government of India. It enabled a new foreign exchange management regime consistent with the emerging framework of the World Trade Organization  (WTO). It also paved the way for the introduction of the Prevention of Money Laundering Act 2002, which came into effect from 1 July 2005.
Unlike other laws where everything is permitted unless specifically prohibited, under this act everything was prohibited unless specifically permitted. Hence the tenor and tone of the Act was very drastic. It required imprisonment even for minor offences.

2.What are activities requiring FEMA Compliances?

  • FDI IN Some Sectors.
  • Compounding of Offences.
  • Transactions made by a Foreign Resident in India.
  • Issue of Shares to Foreign Residents  via IPO/FPO/Right Issue
  • Transfer of Shares involving Foreign Residents 
  • Opening of Branch office by Foreign Company in India
  • Purchase of Property by a Foreign Resident in India
  • Loan From foreigners.
  • In case of ADR and GDR.
  • For issuing Foreign Currency Convertible Bonds
  • Receiving Remuneration or consulting fees from a foreign party in India
  • Payment of Remuneration or consulting fees to a foreign party from India
  • Import/Export Business
  • ESOP scheme to Foreign Employees  

3. Documents Required?

Requirement of Document will vary depending upon the work needs to be accomplished.

4.Time Required for Compliances?

Time Requirement will also vary according to the task to be performed.

5. Pricing ?

For Pricing and other details Click  

GET STARTED  

Why Us...?
15+ YEARS OF EXPERIENCE
We are rendering services in the field of Company and Corporate laws and regulatory compliances for more than 15 years.
LARGE TEAM OF PROFESSIONALS
We are a strong team of Professionals comprising of 5 Company Secretaries, LLB, MBA and Chartered Accountant.
SERVING IN INDIA & ABROAD
We have presence in all over India and Abroad directly or through our network firms.
100% ACCURACY GUARANTEE
From our past records, we assure you 100% accuracy in services we provide. If we make an error, we fix it.
MCA CERTIFIED FILING CENTER
We are MCA’s certified filing center for filing various E-forms and other documents to ROC, CLB, RD and other authorities of Government.
CBEC CERTIFIED FILING CENTER
We are also certified by Central Board of Excise and customs for filing various forms, returns, documents to CBEC.
ALL SERVICES UNDER ONE ROOF
From Incorporation to routine, secretarial, Finance, tax and regulatory services for businesses and individuals.
COST EFFECTIVE SOLUTIONS
With us, you can be confident that needs will be met and agreed-upon services will be provided at a fair price.