Foreign Exchange Management Act (FEMA)

 

With the introduction of FEMA in 1999, it has aided in creating a liberalised foreign exchange environment in India. We, at Osgan Consultant in Delhi NCR focus on taking a holistic approach in forming strategies to capture value across the boundaries. Our aim is to provide optimum solution thereby creating a value addition mechanism for our clients.

 

Inbound Investment Strategies

Easing of the Foreign Direct Investment (FDI) norms has driven the growth of country’s economy. The Government’s investor friendly policies have acted as a catalyst in creating India a hub for Foreign Direct Investment.

 

Outbound Investment Strategies (ODI)

With the focus of one world & one market, companies in India are making global footprints to level up their impact & growth strategies. Going global is an important growth strategy for companies in India to cater to the worldwide market.

Liberalising the Foreign exchange laws by the government has catalysed Indian owners to expand across national boundaries. 

Given the laborious efforts required in understanding the regulatory framework & the business risk, our team hand holds the clients for structuring their business in the most suitable manner.

 

External Commercial Borrowings (ECB)- ECB Consulting in Delhi NCR

Indian companies prefer borrowings from external sources to reduce their cost of borrowing and has been used for extensive capital investment projects. With RBI easing the norms, ECBs has become attractive mode of borrowing funds but subject to conformity of parameters.

 

Key Services Offered:

• Advise on the facilities available for borrowing in Foreign Currency
• Assistance in Raising & Reporting of External Commercial Borrowings (ECB)
• Assistance in preparing the hedging requirements

 

Compounding Under FEMA

If any individual or a corporate contravene any provisions of FEMA, 1999 or any rule, regulations, notifications, directors or orders, he has an option to go for the process of compounding of offences. The process of compounding saves the legal proceedings and assist in settling the matter within 180 days.

 

Key Services Offered:

• Preperaing the compounding application and submitting to RBI
• Representing the case to the RBI
• Getting the order from RBI

 

Non-Realization Of Export Proceeds (Force-Majeure)

The amount representing the full export value of goods / software/ services exported shall be realised and repatriated to India within nine months from the date of exports

 

Key Services Offered:

• Assistance in obtaining certificate from the concerned Foreign Mission of India about the fact of non-recovery of export proceeds from the buyer.
• Preparation of application for approval from Reserve Bank of India (RBI) or Authorized Bank to writes off the requirement of realization of export proceeds.
• Surrender of proportionate realized export incentive such as drawback/refund etc.
• Representation in Committee on Quality complaints and Trade Disputes (CQCTD) lodged by foreign buyer

 

Regulatory & Ancillary Services

• Assistance in obtaining GR waiver for export of goods on free of cost.
• Setting up of Private Bonded Warehouses for Exports & reporting requirements
• Reporting of ESOPs for allotment of equity shares
• Assistance to Exporter to exit from Caution List of RBI
• Preparation & Representation on behalf of exporter for Compounding of Contravention under The Foreign Exchange Management Act, 1999 and Regulation there under.
• Assistance in providing Insurance or Guarantee from Export Credit Agencies (ECAs) to protect against losses arising out of payment failures