ASC GROUP provides FEMA Compliance, FEMA RBI Compliance. Foreign Exchange Management Act, RBI Compliance, and Foreign Exchange Management Act all refer to the same thing. This is a requirement for any Indian business that deals with foreign currencies. FEMA can be confusing. However, it does not punish those who comply. India's rules on financial issues will apply to all of you. Call us today at 9999043311 to get FEMA Compliance.
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Read more…We have an interesting question from one of our members. "We usually perform OTC FX transactions with clients backed-to-back on the market (with Banks). Now we are going to perform a FX swap (i.e. Spot + forward) JPY/EUR for the Bank account for 1 week at the longest. The purpose is to get EUR place @ CB for LCR compliance purpose (no trading purposes). Bank's Management think that this should be considered as a trading position and therefore be classified within the Bank's trading book.…
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