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Any person resident in India collecting and effecting/remitting payments directly /indirectly outside India in any form towards overseas foreign exchange trading through electronic/internet trading portals would make himself/ herself/themselves liable to be proceeded against with for contravention of the Foreign Exchange Management Act (FEMA), 1999 be...
Wazzeer Professional Network
ProfessionalWe are planning to provide services globally and will charge fees either online or by phone in multiple currencies. will not be providing services domestically. how can we do this?
We are into the travel business. Customers can book flights, cars, Hotels around the world Customer can make payments online or by phone in multiple currencies. we will be signing up with an international gateway how can we work this out?
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Wazzeer Professional Network
ProfessionalAny person resident in India collecting and effecting/remitting payments directly /indirectly outside India in any form towards overseas foreign exchange trading through electronic/internet trading portals would make himself/ herself/themselves liable to be proceeded against with for contravention of the Foreign Exchange Management Act (FEMA), 1999 besides being liable for violation of regulations relating to Know Your Customer (KYC) norms / Anti Money Laundering (AML) standards. open an account with features gateway for multiple currencies exchange and authorised by the RBI An Authorised Dealer (AD) is any person specifically authorized by the Reserve Bank under Section 10(1) of FEMA, 1999, to deal in foreign exchange or foreign securities (the list of ADs is available on www.rbi.org.in) and normally includes banks.
"Get your Wazzeer" to hire me for this service, I would be glad to help you.
over 3 years ago
View answer
We are planning to provide services globally and will charge fees either online or by phone in multiple currencies. will not be providing services domestically. how can we do this?
We are into the travel business. Customers can book flights, cars, Hotels around the world Customer can make payments online or by phone in multiple currencies. we will be signing up with an international gateway how can we work this out?
-
Wazzeer Professional Network
ProfessionalAny person resident in India collecting and effecting/remitting payments directly /indirectly outside India in any form towards overseas foreign exchange trading through electronic/internet trading portals would make himself/ herself/themselves liable to be proceeded against with for contravention of the Foreign Exchange Management Act (FEMA), 1999 besides being liable for violation of regulations relating to Know Your Customer (KYC) norms / Anti Money Laundering (AML) standards. open an account with features gateway for multiple currencies exchange and authorised by the RBI An Authorised Dealer (AD) is any person specifically authorized by the Reserve Bank under Section 10(1) of FEMA, 1999, to deal in foreign exchange or foreign securities (the list of ADs is available on www.rbi.org.in) and normally includes banks.
"Get your Wazzeer" to hire me for this service, I would be glad to help you.
over 3 years ago
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