At MJ & ASSOCIATES, we provide expert legal counsel on India's foreign exchange laws, primarily governed by the Foreign Exchange Management Act, 1999 (FEMA). Our team assists multinational corporations, Indian companies, and individuals in navigating the complex regulatory framework for cross-border transactions and investments. We also handle legacy matters arising under the erstwhile Foreign Exchange Regulation Act, 1973 (FERA).
Our Expertise
Our practice is focused on ensuring compliance, structuring transactions efficiently, and representing clients in investigations and adjudication proceedings.
Inbound and Outbound Investments
We advise on structuring foreign direct investments (FDI) into India and overseas direct investments (ODI) by Indian entities. Our services include advising on entry strategies, ensuring compliance with sectoral caps and pricing guidelines, and handling all necessary filings with the Reserve Bank of India (RBI).
Adjudication and Compounding
We represent clients in proceedings before the Directorate of Enforcement (ED) for alleged contraventions of FEMA provisions. We also have a strong track record in assisting clients with the compounding of contraventions with the RBI, providing a mechanism for early and efficient resolution.
Current and Capital Account Transactions
Our team provides clear and practical advice on the permissibility of various current and capital account transactions for both individuals and corporations. This includes guidance on external commercial borrowings (ECB), trade credits, and the acquisition and transfer of immovable property in and outside India.
Representative Work
- Advised a European tech company on its India market entry strategy, ensuring full compliance with FDI regulations.
- Successfully represented a corporate client in compounding proceedings before the RBI for a contravention related to delayed reporting of foreign investment.
- Structured a complex External Commercial Borrowing (ECB) transaction for a major infrastructure company.
- Provided a legal opinion to a high-net-worth individual on the acquisition of immovable property outside India under the Liberalised Remittance Scheme (LRS).