Legal Question in Business Law in India
Forex trading is illegal in India according to FEMA guidelines, but I want to do job in a foreign company which deals in forex trading business and advertisement on Indian websites about forex trading, so my question is that, if I provide customer support to my indian clients on phone in India ,then will I be liable for violation of FEMA guidelines?
3 Answers from Attorneys
Where are you located ,India or some other country ? Please clarify to get advice. Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.
There is no problem in doing a job with such a company which deals in forex trading provided its clients are Indian Corporations only with the exception that those corporations use their spare dollars and not convert INR to USD to trade in forex. Advertising about their business is no crime if they deal with corporations only. In case they trade cash or deal with individuals then it is a matter of grave concern.
So Now Best of luck!
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