For owners who are expanding their business overseas or doing business with some overseas firms keep getting the need of RBI and FEMA consultants time to time. Anyone who does not belong to this field is messed up in the legal matters, as they possess a complex framework. Different segment of issues on which FEMA consultants give their input in form of advice and service are foreign funding in India, overseas investment, import and export of goods or services, participating business structure in any compliance with FEMA, on capital or current accounts, and transactions concerning to foreign exchange. As the Foreign Exchange Management Act has lot to communicate with RBI, the services and advices of RBI consultants are significant. To get approvals from different registrations with RBI along with FIPB (Foreign Investment Promotion Board) and RBI one can turn towards consultants. For business individuals and organizations in search of a partner to pull them out from being stuck on foreign transaction issues advisory, firms with FEMA/RBI consultants is a helping hand. One can find several advisory firms in Delhi itself providing services regarding FEMA, RBI and other corporate laws. Some FEMA services distinguished separately and briefed: - Overseas investor in India: Economy of India is creating impressions worldwide attracting investors outside country to invest in India. Understanding the law of non-native country is again a very big challenge, for people making foreign funding in India can seek help from consultants of FEMA.
- Indian currency investment outside India: As globalization is at its peak, investors are moving overseas to make a mark outside country. To promote and help them FEMA came into process.
- Import and export business: To felicitate and promote external exchange of money, good and services this act was made active.
- Structuring as per FEMA: There may be some already existing corporate industry that was not under FEMA until now but now it is, in order to make is compliant consultants do all the needful.
The role of FEMA consultant is majorly is to suggest and advice on issues. However, in RBI consultant’s case, it is more about providing service than suggesting. The prime motive of them is to convince people to accept the provisions of FEMA. Once it is accomplished then the part of serving comes. The services of RBI consultants involve: - Foreign Investment Promotion Board Approvals
- Reserve Bank of India Approvals
- Charges of transactions
- FDI/ODI Audit Service
- NRI services
- Foreign Investment in India (FDI/ECB/AGR/GDR)
- Legal opinions
The motive of government behind all these acts and rules is to encourage businessperson in and outside India to take interest in external trade. However, complexity factors of these rules, Acts and laws is major hold back for them, to help on this advisory firms provide consultants of RBI and FEMA. For More : use this link http://kritiadvisory.com/rbi_fema_services_india.html
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