Government forex rules and laws india regulator that received its statutory powers in 1995 to regulate and supervise all financial entities dealing in the securities market. SEBI is responsible for overseeing the activities of brokers, companies, as well as individual investors to ensure that the securities market operates with integrity and transparency without affecting the overall stability of the Indian market. Restrictions Imposed On Forex Trading For SEBI Regulated Brokers Indian Forex traders are not supposed to indulge in any currency pairs that does not involve the INR as the base or quote currency. Staying Protected From Broker Scams Forex brokers in India should be regulated by the SEBI and should be authorized by the relevant authorities to ensure that all companies follow the FEMA guidelines on Forex trading.
India is also highly proactive in its anti-money laundering laws, and the Indian Government is very thorough in its policies that deter its citizens from investing in overseas brokers. As a Forex trader in India, you should always make sure to invest your money with Government approved SEBI Forex brokers, as it is imperative from a legal perspective to adhere to the policies and guidelines issued by the authorities. Some SEBI regulated brokers may offer the convenience of investing in other countries, but a majority of Forex brokers in India only allow its traders to trade on INR related currency pairs. What If I Want To Trade The FX Markets With International Brokers?
Trading with an international broker and depositing money from an Indian account to an overseas bank account without the Indian authorities’ consent is strictly against the law. There are several penalties and legal ramifications that may affect a person if they are found to be in violation of the existing rules. Risk Warning – Your capital is at risk. Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved! India Foreign Trade Laws, Export Import Rules and Regulations.
Indian Foreign Trade Laws, Indian Exim Policy – updated on daily basis ! Rupee slips 48 paise to 71. Appointment of Common Adjudicating Authority by DGRI-reg. Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg. Seeks to further amend notification No. 2017-Customs dated 30th June, 2017 to prescribe effective BCD rate on parts of power bank of Lithium ion and Battery pack of cellular mobile phones .