FEMA Compliance for Global Investors: Your Guide to Succeeding in India

Introduction: The Rising Tide of Foreign Investment in India With its growing economy, vast consumer base, and favorable government policies, India continues to emerge as a lucrative destination for global investors. India represents significant growth opportunities for micro, small, and medium enterprises (MSMEs) from regions like the USA, UK, Europe, Japan, Australia, and Singapore. However, […]

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Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI)

FEMA / Pioneer One

Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) The LRS is a scheme that allows Indian residents to remit money abroad up to a certain limit without the need for prior approval from the RBI. The current limit is USD 500,000 per financial year. There are a number of purposes for which

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Safeguarding Your Business: Unraveling RBI and FEMA Compliance

FEMA / Pioneer One

In the intricate landscape of business operations, regulatory compliance holds the key to long-term success. Among the essential pillars of compliance in India are the regulations set forth by the Reserve Bank of India (RBI) and the Foreign Exchange Management Act (FEMA).

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Late submission fee (LSF) – For reporting delays under Foreign Exchange Management Act, 1999

FEMA / Pioneer One

Where an advice has been issued for payment of LSF, and such LSF has not been paid within 30 days. Such advice will be considered null and void.

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