RBI compliances and will preparation

RBI compliances & Will Preparation

Many entrepreneurs get into the clutches of CONTRAVENTION, which means a breach of the provisions of the Foreign Exchange Management Act (FEMA), simply because of inadequate knowledge of compliance, non-availability of authentic legal guidance, improper interpretation of the case and visionless handling of departmental allegations/notices.

The professional acumen of LKR Advisors, which comprises of well experienced legal and financial experts, leaves no stone unturned in obtaining the best-deserved justice in lawsuits in various jurisdictional forums under FEMA.

The expertise of Team falls majorly in the following areas:

  • Advisory on the permissible foreign exchange activities and procedures involved

  • Advisory on various foreign exchange matters under FEMA including matters relating to inbound investment into India and outbound investment outside India

  • Advisory on various approvals under FEMA from the Reserve Bank of India (RBI) and compliance with requirements prescribed by the RBI

  • Preparing & Filing periodic statutory requirements with RBI

  • Compounding of Contraventions / Offences with the Regional Office & Central Office (Mumbai) of the Reserve Bank of India

  • Overseas direct investment (ODI), External Commercial Borrowings, Issue of foreign currency convertible bonds and related matters

  • Periodical FEMA Compliances

  • FEMA Audit and Due Diligence

  • Compliance of the procedure including chartered Accountants Certification for repatriation of income/assets from India

  • NRI & PIO related matters

  • Opening of the liaison office, project office & branch office in India

  • All types of Reserve Bank of India approval

  • Foreign collaboration agreement with various types of government approvals

  • Convertible note advisory and filing

Will Preparation

The importance of Will in India is the least understood. Any untoward event in life can lead to a lot of litigation among family members and bring in an imbalance in harmony.

A will can be made by anyone above 21 years of age in India. You can make the will on plain paper in India. It’s not legally necessary to make the will on stamp paper. It is advisable to write your will in your own handwriting, as the same can be verified later in case of any doubts raised by relatives.

It might happen that according to your family structure and your preferences, you want to divide your wealth unequally or make a provision for a close friend or a faithful servant. This isn’t possible if you die without a will.A lot of us feel that talking about “Making a Will” is pretty morbid, and hence, we don’t look at it with right attitude.

Let us assist you in preparing your will so that the same can be executed without any hassles.