International Trade Lawyers
Legaleye Associates is gradually being recognized as being one of the best law firms in India for International Trade Business and disputes. International trade lawyers at the firm also assist international clients in engaging with the right people. The Firm through its network of financial and tax consultants handle regulatory filings. We also assist clients in obtaining regulatory approvals. FEMA lawyers at Legaleye Associates advise clients on setting up Indian liaison/branch offices of foreign companies, handle regulatory filings and regularly advise on foreign investment opportunities in India.
Legaleye Associates is gradually emerging as one of the most cost-effective law firm in India for International trade. We handle matters involving export and import obligation, breaches, international arbitration, foreign awards, drafting & legal vetting of international trade contracts and cross border litigation etc. Besides, we regularly represent various companies throughout the world for their various commercial disputes in India. Domestic and international client rely on us for disputes governed by International Arbitration and arising out of international trade.
WHAT IS FEMA ?
The Foreign Exchange Management Act (FEMA) relates to the foreign direct investment in the country. The Foreign Exchange Management Act (1999) or in short FEMA is a replacement for earlier Foreign Exchange Regulation Act (FERA). FEMA became an act on the 1st day of June, 2000. Since FERA dint fit in with post-liberalization policies, FEMA replaces it. The main objective of the FEMA is to consolidate and amend the law relating to foreign exchange. Besides, the objective of facilitating external trade and payments. It aims to promote the orderly development and maintenance of foreign exchange market in India. Also, a significant change introduced under the FEMA was that it made all offenses regarding foreign exchange civil offenses, as opposed to criminal offenses as dictated by FERA.
The FEMA has assisted the country by encouraging external payment and trade and encouraged the orderly maintenance and development of the foreign exchange market in India. The Act is applicable to the entire country.
Continued extensive efforts have been undertaken since its enactment to ensure the effective implementation of FEMA in India. Effective implementation and efficient supervision are the significant key preconditions for the success of the Foreign Exchange Management Act (FEMA).