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FEMA Compliance in India – A Complete Guide
What is FEMA Compliance? Understanding FEMA and Its Purpose The Foreign Exchange Management Act (FEMA), 1999 is India’s cornerstone legislation for regulating and facilitating external trade, payments, and foreign exchange. Introduced to replace the restrictive FERA (Foreign Exchange Regulation Act),…
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Major Boost for Reverse Flipping: Indian Startups Coming Home
In recent years, a significant number of Indian startups have chosen to incorporate their businesses outside India, primarily in locations like Delaware, Singapore and other global locations. This trend, known as "flipping," offered advantages like easier access to foreign capital…
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Test for Determining Conditions Precedent (CP)
This test helps you identify whether a condition should be classified as a Condition Precedent (CP) in a Share Subscription Agreement (SSA). Conditions Precedent must be fulfilled before the transaction can close or shares can be issued. Step 1: Does…
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