FEMA

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 […]

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).

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.