Dhruva Advisors LLP arranged a breakfast session on “Foreign Exchange Regulations related to Outbound Investments, External Commercial Borrowing (‘ECB’) & Compounding of Offences” at Crowne Plaza, Ahmedabad, on Wednesday, 26th June 2019. The session was attended by executives from businesses across various sectors such as Pharmaceuticals, Power, Chemicals, Real Estate, FMCG, Textiles etc.
The session gave an opportunity to the executives to understand the key provisions, recent developments and compliance requirements of Foreign Exchange Regulations that need to be considered by every business while undertaking transactions pertaining to overseas investment and availing funds from overseas.
Mr. Vishal Gada, Partner at Dhruva Advisors LLP, provided meaningful insights about the recently introduced ECB Regulations and cautions to consider while availing ECB. Ms. Zeel Jambuwala, Principal at Dhruva Advisors LLP, shared her views and experience relating to overseas investment. She also discussed common contraventions under Foreign Exchange Regulations which ultimately lead to compounding of offences and provisions relating to this.
The session was well received by the participants and concluded with the exchange of thoughts amongst the attendees.