Foreign Exchange

FOREIGN EXCHANGE – A BRIEF OUTLINE

The Indian Rupee is not fully capital account convertible.  In other words, the Government of India does not permit persons resident outside India to carry out transactions in capital assets and liabilities in India in a free and unrestricted manner. 

Foreign investors therefore have to be mindful of caps on foreign investment in different sectors and restriction on acquisition of capital assets and liabilities in India. 

HOW WE CAN HELP YOU

PRA Law advises Clients on various aspects of foreign exchange law in India including:

  • Investment in shares and other securities by foreign investors
  • Setting up of wholly owned subsidiary, branch offices, site offices etc. of foreign companies in India
  • Enabling foreign lenders to advance external commercial borrowings to Indian companies
  • Opening of rupee accounts in Indian bank by persons resident outside India
  • Remittance of assets outside India
  • General advisory on various issues under Foreign Exchange Management Act, 1999

Insights / Articles

Articles

Foreign Exchange

Foreign Direct Investment Regimes 2020 - India Chapter, 1st Edition

08 Nov, 2019

Authored by: Apoorva Agrawal & Sanjeev Jain. Exclusive India Chapter providing a practical insight into cross-border foreign direct investment in the Country.