LegalStanley: Company Formation & Compliance Consultants in Kerala, UAE, and USA
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The Foreign Exchange Management Act (FEMA) is an important act for managing foreign exchange transactions in India. This applies to businesses and individuals transacting outside India and they must comply with several provisions under FEMA such as timely filings and obtaining approvals among other things. Non-compliances can take many forms and these can expose you to legal risk, liability and financial loss, so it is important to get proper advice and assistance in understanding and dealing with the regulatory requirements.
Legal Stanley can assist you with the Best Foreign Exchange (FEMA) filings & compliances Services in Kerala. Our experienced Legal and CS teams will take care of the entire process from documentation to approvals with the regulators. Your business will remain compliant, risk will be minimised and your business will continue to operate within the provisions of the act to take best advantage of the benefits of FEMA.
Certain businesses may be required to register with the Reserve Bank of India (RBI) under FEMA provisions. Additionally, some businesses may be required to file annual reports to the RBI providing details of foreign exchange transactions conducted during the year.
Companies that receive foreign investment are
required to make periodic filings with the RBI
regarding the amount and nature of the
investment received.
Companies that take out loans from foreign sources are required to make filings with the RBI regarding the amount and nature of the borrowing.
Under FEMA provisions, certain restrictions apply to the transfer of shares and securities by residents and non-residents. To comply with these restrictions, businesses may need to file certain forms and obtain approvals from the RBI.
FEMA also regulates outward remittances from India. Businesses and individuals may be required to report
to the RBI about remittances made
outside the country.
To conduct foreign exchange transactions in India, businesses are required to comply with KYC norms laid down by the RBI. This may involve collecting and verifying customer identification and transaction-related information.
Legal Stanley has proven to provide the best Foreign Exchange (FEMA) Filings & Compliances Services in Kerala. Our team of CS manages all approvals and documentation in an organized and methodical way. We guarantee prompt response times, adhere to regulations, and ensure the entire compliance process is as smooth as possible without loopholes.
Our associate consultants specialize in a range of business areas. These include statutory compliances, drafting, vetting and reviewing of agreements, registrations, competency of various corporate laws, litigations, accounting & auditing and many more verticals enabling us to offer innovative solutions to our clients delivering results.
Best Foreign Exchange (FEMA) Filings & Compliances Services in Kerala
Dedicated to legally protecting what matters most, we advise clients on legal rights, commercial transactions, intellectual property, taxation, and we offer the best Foreign Exchange (FEMA) Filings & Compliances Services in Kerala.
