Legal Question in Business Law in India
online Forex trading is illegal in India according to FEMA guidelines, but I want to do job in a foreign company located outside india, which deals in forex trading business, they have indian individuals clients and giving advertisement on Indian websites about forex trading, so my question is that, if I provide customer support to my indian individual clients on phone in India ,then will I be liable to pay penalty for violation of FEMA guidelines? or foreign company will be liable to pay penalty this??, will you please help me because I am non working person do not have money to take local legal advice . I am very very confused. is there any risk in this type of job?
2 Answer from Attorneys
Are you going to be an Agent of the Principal Company ? If yes then whatever you on behalf of that company would put you in problem. Where are you located ? Please clarify.
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