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