Legal Compliances under Foreign Exchange Management Act (FEMA) of 1999

Legal Compliances under Foreign Exchange Management Act (FEMA) of 1999, Clothing & Apparel Industry. In order to open a bank account in India by a foreign investor and in order to transfer funds internationally a proper Legal Consultation or Legal Advice from an FDI Attorney in India is required. A lot of Foreign Direct Investments inflows happen in India and some of the international transfers are flagged by the Government Agencies including the Reserve Bank of India for their non–compliance or non-fulfilment of statutory compliances.