• Address 4/608, VOC St., Kottivakkam (OMR), CHENNAI
  • Email info@rlsassociates.in
  • Phone +91 6381341985

Services Details

RLS Associates - Company Secretary in Chennai India

Compliances Under Foreign Exchange Acts

FEMA regulation ensures that businesses are compliant with relevant foreign exchange laws. FEMA will monitor business dealings abroad by companies established in India. Being compliant with FEMA will help your business run smoothly outside India

Cross-border transactions

RLS Associates guides our clients about the Cross-border transactions and stringent measures to be taken. Corporates have to go through a process that is cumbersome when it comes to cross-border transactions. An increase in the inbound and outbound process calls for an increase in the level of compliances. Foreign Exchange Management Act, 1999 (FEMA) was introduced to ensure smooth external transactions, maintaining a healthy foreign exchange market, and encourage the importance of the balance of payments.

FEMA Guidelines and Features

  • FEMA applies only to Indian residents in India. It does not apply to Indian citizens residing outside India.
  • The application criteria are that the person or entity must be resident in India during the previous financial year for 182 days or more.
  • FEMA authorised the Central Government to impose restrictions and supervise three things related to foreign exchange- payments or receipts made to any person outside India.
  • FEMA also specifies the areas that require specific permissions of the Reserve Bank of India (RBI) or the government, like dealing in foreign exchange.

    Kindly mail us your requirments to info@rlsassociates.in, our team will respond in 24 hours

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    • 4/608, VOC St., 2nd Floor,
      Kottivakkam (OMR),
      CHENNAI 96
    • +91 6381341985
    • info@rlsassociates.in

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