Foreign Exchange
Foreign Exchange is one of the highly regulated laws in India. Dealing in foreign exchange is prohibited, save and otherwise as provided under the Foreign Exchange Management Act, 1999. There are several rules framed under the Act, which regulates the transaction involving foreign exchange,
few commonly involved are as under : -
- Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000.
- Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000.
- Foreign Exchange Management (Transfer or issue of any foreign security) Regulations, 2000.
- Foreign Exchange Management (Establishment in India of Branch or Office or other Place of Business) Regulations, 2000.
- Foreign Exchange Management (Current Account Transactions) Rules, 2000.
We provide preventive counseling to clients in foreign exchange transaction including processing applications for obtaining various permissions from RBI etc. We also conduct trial in offences relating to foreign exchange.