Foreign exchange regulations have been liberalised

    The foreign exchange regulations have been liberalised over the years. The changes have been introduced on a continuous basis in line with the government policy of economic liberalisation. Still, in few cases, specific approvals are required from the regulatory authorities for foreign exchange transactions/remittances.

    Our key service offerings are:

    • Assistance in setting up a branch office, liaison office and project office of the foreign company in India and advising on the approaches required in that matter
    • Advise on transactions which have a foreign exchange aspect
    • Carry out regulatory due diligence
    • Carry out compliance health check/regulatory risk analysis of past compliances/filings from foreign exchange regulations perspective
    • Assistance in obtaining approvals/clarifications from regulatory authorities
    • Assistance in obtaining approval from the central bank from a foreign exchange perspective
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    Key Contact

    Gaurav Mehndiratta

    Partner and National Head, Corporate and International Tax

    KPMG in India

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