The Foreign Exchange Management Act of 1999 is applicable to all transactions involving foreign exchange, whether they are of a business or personal nature.
Business managers are less familiar with FEMA provisions. In contrast to income tax, professionals also practice FEMA letter-writing. If the company is about to expand internationally, it is crucial to understand whether any transaction or arrangement is permitted under FEMA. Under FEMA, ABJ & CO. offers all kinds of guidance, including Foreign Direct Investment – Advisories and Procedures