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Introduction In criminal law, the golden rule is Actus non facit reum nisi mens rea sit rea —the act does not make a person guilty unless the mind is also guilty. But does this protection extend to the boardroom when dealing with foreign exchange violations?The answer, as analyzed in our latest deep-dive, is a resounding No . Foreign Exchange Management Act, 1999 (FEMA), as an economic statute, operates on the principle of Strict Liability. FEMA serves as the cornerstone of I

In the global services landscape, Indian companies are frequently offered equity stakes by foreign clients in lieu of cash fees. While this sounds like a strategic path to global expansion, for an Indian Private Limited company, it creates a "compliance knot" that spans FEMA, GST, and Income Tax.   Let’s examine the case of ABC Tech Solutions Pvt. Ltd. (ATS) , an Indian software firm, to understand why these deals often collapse under regulatory weight.   The Scenario: The Eq

As India’s digital economy surges, virtual digital assets (VDAs) like cryptocurrencies have gained significant traction. However, their...

A recent judgment by the Appellate Tribunal SAFEMA, New Delhi, in the case of   Pradeep Mishra v. Special Director, Directorate of...

A Critical Look Beyond Product-Market Fit in the Global Tech Race Indian SaaS companies are globally recognised powerhouses, disrupting...

The landscape of foreign investment in India continues to evolve, and the latest amendment to the Foreign Exchange Management (Non-debt...