NRI Law
FEMA Compliance
Compliance with the Foreign Exchange Management Act, which regulates cross-border financial transactions, including property purchase and investment by non-residents.
FEMA governs matters like how NRIs and foreign nationals can invest in Indian property, repatriate funds, and hold foreign currency accounts, replacing the older, more restrictive foreign exchange regulatory framework.
Violations of FEMA are treated as civil offences with monetary penalties, though certain related conduct can also attract action under the separate anti-money laundering law.
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