FEMA Compliance

Our Services

Overview

The Foreign Exchange Management Act (FEMA), 1999, governs foreign exchange transactions in India. It aims to facilitate external trade and payments while promoting the orderly development and maintenance of the foreign exchange market in India. Compliance with FEMA is essential for businesses engaged in international trade, investment, and remittances.

Our FEMA Compliance Services

Assistance in obtaining necessary approvals for foreign investments
Guidance on permissible capital and current account transactions
Preparation and filing of annual returns like Foreign Liabilities and Assets (FLA)
Advisory on compliance with the Liberalized Remittance Scheme (LRS)
Support in repatriation of funds and compliance with RBI regulations

Why FEMA Compliance Matters

Non-compliance with FEMA can lead to penalties, confiscation of assets, and legal complications. Ensuring adherence to FEMA provisions helps in:

Maintaining smooth international financial transactions
Preventing legal and financial risks
Building trust with foreign investors and stakeholders.

Frequently Asked Questions

FEMA is the Foreign Exchange Management Act, 1999, enacted to facilitate external trade and payments and to promote the orderly development and maintenance of the foreign exchange market in India.

Penalties for contravening FEMA provisions can include fines up to three times the sum involved in the contravention, or up to ₹2 lakh if the amount is not quantifiable. For continuing contraventions, an additional penalty of ₹5,000 per day may be imposed :contentReference[oaicite:0]{index=0}.

Need Professional Advice?

Get in touch with our experts today for personalized legal solutions.