FEMA (Foreign Exchange Management Act) Advisory
Advisory and compliance services relating to foreign exchange transactions under the Foreign Exchange Management Act, 1999 (FEMA).
R V K & Associates
We believe in going beyond the fundamentals to provide comprehensive, strategic solutions for your business needs. Our approach involves fostering strong relationships, staying informed about the latest developments, and ensuring that all regulatory requirements are met. Whether you're starting a new venture or managing an established business, we focus on guiding you through complex challenges with a commitment to accuracy, compliance, and long-term success.
Services Details
The Foreign Exchange Management Act, 1999 (FEMA), regulates cross-border transactions and foreign exchange dealings in India. FEMA compliance is essential for businesses and individuals engaged in foreign investment, remittances, or trade. At R V K & Associates, we provide end-to-end advisory and compliance services under FEMA, ensuring adherence to the legal framework laid down by the Reserve Bank of India (RBI).
Our FEMA Services Include:
1. Advisory on Foreign Exchange Transactions:
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Classification of capital vs. current account transactions
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Structuring of inward and outward remittances
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Guidance on limits and conditions under relevant FEMA provisions
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Interpretation of RBI circulars and notifications
2. Foreign Investment Services:
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Advisory on Foreign Direct Investment (FDI) compliance
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Filing of forms such as FC-GPR, FC-TRS, and SMF
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Assistance in obtaining government/RBI approval wherever required
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Compliance for investment by Non-Residents and Foreign Companies
3. External Commercial Borrowings (ECB):
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Advisory on eligible lenders, end use, and cost ceilings
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Assistance with obtaining Loan Registration Number (LRN) from RBI
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Periodic ECB-2 return filing and annual reporting
4. Overseas Direct Investment (ODI):
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Structuring and documentation for Indian investment abroad
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Filing of Form ODI and compliance with financial commitment limits
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Post-investment compliance and repatriation advisory
5. NRI and Resident Transactions:
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Guidance on permissible NRI investments in India
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Repatriation of funds by NRIs or PIOs
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Tax and regulatory advisory for gifts, inheritances, or income received from abroad
FEMA Compliance Support:
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Preparation and submission of required FEMA filings
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FEMA audits and due diligence reviews
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Compounding application in case of FEMA violations
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Response drafting for RBI or Authorised Dealer (AD) Bank queries
Regulatory Framework:
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Governed under the Foreign Exchange Management Act, 1999
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Administered by the Reserve Bank of India (RBI)
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Subject to periodic amendments, circulars, and notifications from RBI and Ministry of Finance
Working with R V K & Associates
- Commitment to Excellence: We prioritize delivering solutions that maintain the highest standards of quality and precision.
- Transparency and Integrity: Building trust and maintaining clear, open communication is at the core of our approach.
- Cost Efficiency: Our solutions help reduce operational costs by optimizing resources and minimizing inefficiencies.
- Streamlined Business Operations: By handling key aspects of your business needs, we allow you to focus on your core competencies and growth.
- Compliance Assurance: We ensure your organization remains up-to-date with all regulatory requirements, mitigating risk and ensuring smooth operations.