Exchange Control & Regulatory Services
India is yet to reach full capital account convertibility. As a result, foreign exchange transactions, be they capital accounts or current accounts, 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 requirements. Failure to do so, could not only lead to monetary implications for the company and its senior management but can also lead to reputational loss.
Further, there are certain regulatory approvals/licenses required for certain activities such as Non-Banking Financial Companies (NBFCs), Payment Gateway, Payment Aggregators, Alternate Investment Fund (AIFs), Mutual Funds, Housing Finance Companies (HFCs), not-for-profit entities, etc. Further, foreign investment in certain sectors/situations requires prior approval from regulators.
At BDO India, we advise clients on the regulatory requirements as well as assist in obtaining necessary approvals and undertaking compliances.
The landscape of our service offerings encompasses the following:
- Obtaining regulatory approvals and registrations for the formation of NBFC, AIFs, ARCs and HFCs from relevant regulatory authorities like RBI, SEBI, etc.
- Exchange control advisory and related compliance services
- Corporate law advisory and compliance services
- Securities law advisory and compliance services
- Regulatory Health check reviews and assistance on compounding processes to regularise non-compliances
- Entity setup including the corporatisation of entities