Complete Foreign Exchange Law Compliance and Advisory
The Foreign Exchange Management Act (FEMA), 1999, is the primary legislation governing cross-border transactions in India. It is a dynamic and complex law that requires businesses to be vigilant and compliant to avoid significant penalties. At CorpArray, we provide comprehensive FEMA consultancy services designed to help your business navigate this intricate regulatory landscape with confidence.
Our team of experts offers end-to-end solutions, from initial advisory on the structuring of transactions to ensuring ongoing compliance with all relevant regulations. We understand that every business has unique needs, and we tailor our services to provide the most effective and efficient solutions.
Our Approach to FEMA Compliance
We believe in a proactive approach to compliance. Our process begins with a thorough understanding of your business model, international operations, and specific transaction requirements. This allows us to identify potential compliance risks and develop strategies to mitigate them effectively.
Our services cover all aspects of FEMA, including foreign direct investment (FDI), external commercial borrowings (ECB), overseas direct investment (ODI), and transactions related to the import and export of goods and services. We assist clients in obtaining necessary approvals from the Reserve Bank of India (RBI) and other regulatory authorities, ensuring that all transactions are structured in a compliant and tax-efficient manner.
Key Areas of Our FEMA Consultancy
1. Foreign Direct Investment (FDI)
India is one of the most attractive destinations for foreign investment. However, the FDI policy is subject to regular updates and changes. We provide expert advisory on all aspects of FDI, including entry strategies, sectoral caps, and compliance with pricing guidelines. We assist in the filing of all necessary forms and declarations with the RBI, ensuring a smooth and hassle-free investment process.
2. External Commercial Borrowings (ECB)
ECB is a critical source of funding for Indian companies. However, it is governed by a stringent regulatory framework. Our team provides comprehensive support for ECB transactions, from structuring the borrowing to obtaining the necessary Loan Registration Number (LRN) from the RBI. We also assist with ongoing compliance, including the filing of monthly returns and ensuring adherence to all-in-cost ceilings.
3. Overseas Direct Investment (ODI)
As Indian businesses expand globally, ODI has become increasingly important. We provide strategic advice on structuring overseas investments, ensuring compliance with valuation norms, and obtaining the necessary approvals from the RBI. We also assist with post-investment compliance, including the filing of Annual Performance Reports (APRs).
4. Compounding of Contraventions
In cases of non-compliance, it is crucial to take corrective action promptly. We assist clients in the process of compounding of contraventions under FEMA. Our team prepares the compounding application, represents the client before the RBI, and ensures that the matter is resolved in a timely and efficient manner.
Why Choose CorpArray for FEMA Consultancy?
Expertise: Our team comprises seasoned professionals with in-depth knowledge of foreign exchange laws and regulations.
Tailored Solutions: We provide customized solutions that are aligned with your business objectives and risk appetite.
Proactive Approach: We help you stay ahead of regulatory changes and identify potential compliance risks before they become a problem.
End-to-End Support: From initial advisory to ongoing compliance, we provide comprehensive support at every stage of your business lifecycle.
At CorpArray, we are committed to helping you navigate the complexities of FEMA with ease. Our goal is to be your trusted partner in all matters related to foreign exchange, providing you with the peace of mind to focus on what you do best – growing your business.