Foreign Exchange Laws and Business Advisory Services

Foreign Exchange Management Act, 1999 (RBI and Government Approvals)

Inbound Investments

The Firm has advised Indian and Multi-National Companies in structuring of offshore vehicle and business models taking into account taxability of various parties to the transactions. So far structuring has been done taking into account the provisions of Double Taxation Avoidance Agreements with Australia, Belgium, Cyprus, Germany, Greece, France, Italy, Iran, Mauritius, Malaysia, Malta, Netherlands, Oman, Switzerland, Sri Lanka, Singapore, USA, UK, UAE, UAR, Thailand, etc. Drafting of Share holders' Agreement, Term Sheet for Due Diligence, Foreign Collaboration/ Joint Venture Agreements, Memorandum of Understanding, ECB Loan Agreements, Agency Agreements etc. for various multinational clients.

  • Setting up of Wholly Owned Subsidiary in India of Foreign Corporations as well as obtaining RBI/FIPB Approvals and complying with formalities under FEMA.
  • Joint Ventures in India

Setting up of Branch/Liaison Offices in India

  • Guidance in activities permitted by the Branch and Liaison Offices in India as well as obtaining permission from the Reserve Bank of IndiaGuidance in activities permitted by the Branch and Liaison Offices in India as well as obtaining permission from the Reserve Bank of India

Outbound Investments

  • Setting up of Wholly Owned Subsidiary outside India of Indian Corporations as well as obtaining RBI/FIPB Approvals and complying with formalities under FEMA.
  • Obtaining RBI approval for raising External Commercial Borrowings and related formalities.
  • Consultancy in repect of remittance of Royalties/Professional Fees and other remittances taking into account FEMA provisions and Section 195 of the Income Tax Act, 1961.
  • Consultancy rendered to several clients in respect of various matters like determination of residential status, remittance of assets abroad, acquisition of immovable property in India, Setting up of a proprietary business in India by an NRI, acquisition and transfer of shares by NRIs and other foreign entities etc. taking in to account provisions of FEMA.
 
     
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