The foreign exchange regulations have been liberalized over the years to facilitate the remittance of funds both in and out of India. The foreign exchange regulations in India are governed by the Foreign Exchange Management Act, 1999 (“FEMA”). The Reserve Bank of India (RBI) is the apex foreign exchange regulatory authority of India that regulates the law and is also responsible for the majority of the key approvals.
The application of the Foreign Exchange Management Act, 1999 (“FEMA”) is not only limited to all parts of India, but rather it is equally applicable to all offices, branches, and companies outside of India that are either owned or operated by a person living in India.
H.K. Joon & Co. ensure providing time-saving and cost-efficient services for the clients keeping all their requirements in mind. We also aim to cater to the needs of our customers with high-cost management procedures, so that it does not burn a hole in the pocket while they keep working at ease.
Keeping the above-mentioned aspects in mind, H.K. Joon & Co. offers the following services to the clients:
- Providing advice on transactions that have an aspect of foreign exchange
- Carry out regulatory due diligence
- Carry out a frequent risk analysis of past regulatory compliances or filings from the perspective of foreign exchange regulations
- To help with better representations before regulatory authorities including the Reserve Bank of India, Foreign Investment Promotion Board, etc.
- Providing required assistance in representation for purpose of compounding matters
- Assisting in getting approval for external commercial borrowing
- Assisting in Compounding of Offences under FEMA
- Managed advisory on Inbound Structuring i.e. structuring of Investments into India & advising on nature & structure of a specific business entity
- Managed advisory on Outbound Structuring, i.e. choice of right jurisdiction along with structuring of investments, etc
- Assisting for regular FEMA compliances as per statutory provisions like filing of Form/Returns promptly