Exchange Control Advisory & Compliance
India is yet to reach full capital account convertibility. As a result, foreign exchange transactions, be it capital account or current account, are regulated and monitored by the Reserve Bank of India. With the rapidly evolving business dynamics, it is equally important for corporates to ensure compliance to the exchange control compliance. Failure to compliance not only leads to monetary implications in the form of penalties, etc. for the company and its senior management, but can also lead to reputational loss.
At BDO India, we have a competent team to advise clients on the capital & current account transactions and support them on the implementation of the advice. Our services would include:
- Analysing the exchange control implications on transactions
- Highlighting gaps from an exchange control perspective and assist in compliance
- Assisting clients in ratifying the non-compliance through compounding process