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RBI Consultant

rbi fema consultant

Reserve Bank of India (RBI) was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. Reserve Bank is fully owned by the Government of India.Reserve Bank of India was nationalised in the year 1949. The general superintendence and direction of the Bank is entrusted to Central Board of Directors which comprises the Governor ,Deputy Governors, Government official from the Ministry of Finance, nominated Directors by the Government to give representation to important elements in the economic life of the country, and nominated Directors by the Central Government to represent the local Boards with the headquarters at Mumbai, Kolkata, Chennai and New Delhi.

As supreme banking authority in the country, the Reserve Bank of India, therefore among other powers include the following powers:

  1. It controls the banking system through the system of licensing, inspection and calling for information.
  2. It controls the credit operations of banks through quantitative and qualitative controls.
  3. It holds the cash reserves of all the scheduled banks.
  4. It acts as the lender of the last resort by providing rediscount facilities to scheduled banks.
Services mainly comprises applications and forms to be filled for approval and below is subject to rules and regulations framed by the Reserve Bank of India from time to time .
  1. Making application for Incorporation of a company in India by NRI
  2. Making application for Foreign Direct Investment
  3. Preparing draft Foreign Technology Transfer Agreements in India
  4. Making applications to Reserve Bank of India for purchase/sale of shares, debentures & securities and directly to and from Residents in India and outside India
  5. Making application for permission for opening Branch office
  6. Making application to Reserve Bank of India for purchase/sale of residential and commercial property including renting out of property.
  7. And Other services as permissible by RBI and required by customers from time to time.
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