The scope of business is not limited to a state or to a country rather it has been expended throughout the world. Overseas expansion is wider opportunity for business world. Different countries have different set of act, rules and regulation regarding foreign transactions compliances. In today’s world International trade is touching new heights as a result need of reliable legal consultant requirement come in to picture. The scope of our services in this area from advisory on transactions relating to Foreign Exchange, opinion on Different type transactions which may attracts applicability of foreign exchange management Act provisions to execution of post transaction compliances/returns with regulatory authorities.
India, business ventures and investments are taken care by FEMA. The rules and regulations with the RBI proposals and permissions are also taken care by FEMA. Foreign Exchange Management Act is an act that provides guidelines for the free flow of foreign exchange in India. FEMA is applicable in Whole India and even branches, offices and agencies located outside India, if it belongs to a person who is a resident of India. Brief about FEMA law Characteristic & objectives are as under: