CPA Australia Limited (CPA Australia), a globally recognized accounting body, sought to appoint an agent in India to expand its presence and promote its services. Majmudar & Partners provided end-to-end legal and regulatory assistance to facilitate this strategic initiative, ensuring compliance with Indian laws and smooth execution of the transaction.

Facilitating the Transaction

Majmudar & Partners guided CPA Australia through the complexities of the Indian regulatory framework by:

• Agency Agreement Structuring: Drafted and reviewed the agency agreement, ensuring it was compliant with Indian contract law while protecting CPA Australia’s business interests.
• Foreign Exchange Compliance: Provided advice on compliance with the Foreign Exchange Management Act, 1999 and its underlying regulations in respect of remittance of fees and cross-border financial transactions.
• Regulatory Framework Guidance: Assisted CPA Australia with understanding and adhering to regulations governing foreign entities appointing agents in India, including approvals, disclosures, and operational requirements.
• Tax Implications and Structuring: Addressed potential tax concerns, including withholding tax implications, permanent establishment risks, and double taxation issues, ensuring the transaction was tax-efficient.

The successful appointment of an agent in India underscores CPA Australia’s commitment to expanding its footprint in emerging markets. Majmudar & Partners’ comprehensive legal support ensured the initiative aligned with local laws, enabling CPA Australia to focus on its strategic goals in the region.

Majmudar & Partners specializes in tailoring legal solutions on market entry, regulatory compliance, and foreign investment in India. Reach out to us for assistance in navigating India’s legal landscape.