Rahul Manjrekar, the founder of JustRACS, is a Fellow member of the Institute of Chartered Accountants of India and a Commerce Graduate. He has worked in the Big Four consulting firms for over three decades in various roles largely associated with the tax and regulatory domain. He was the key contact of these firms before some of the key regulatory bodies in India. He was instrumental in setting up and overseeing the regulatory practice in the Western Indian region in two of the firms that he has worked with. Over the years he has established strong independent relationships with some of the key regulatory authorities in India.

He has a wide experience in validating transactions from an Indian regulatory and tax perspective and offering out of the box solutions to clients. Known for obtaining several first of its kind path breaking regulatory approvals that have become a game changer for the client and the industry as a whole. His unparalleled success is largely attributable to the meticulous approach, in-depth understanding of the law and regulations and fresh perspective and experience that he brings to the table.

He has also been acknowledged for his valuable contribution to a detailed commentary on the Foreign Exchange Management Act.

Expertise:

Indian exchange control and foreign direct investment comprising of the Foreign Exchange Management Act

He has advised on some of the most challenging and marquee transactions in the Indian regulatory space from an Indian exchange control perspective. He has helped several MNCs align their investments and transactions comprising of acquisitions / divestment in India to the Indian foreign direct investment (“FDI”) regulations such that the investment / divestment is executed seamlessly and all compliances are taken care of in a timely manner.

He has also helped clients regularise past non-compliances by obtaining ex-post fact approvals and condonations from the regulatory authorities and getting the contraventions compounded.

He has advised several corporates and institutions by customising Standard Operating Procedures for them so that contraventions and lapses can be mitigated.

Licences for regulated Banking and Financial Services (“BFS”) Institutions

He has provided assistance to premier BFS institutions in mapping their business to the regulatory policies and providing end-to-end assistance in validating their business plan and making applications to the industry regulator and obtaining the license. He has also helped corporates in taking over the ownership and control of other licensed entities.

He has helped obtaining regulatory licenses for several NBFCs, Payment Aggregators, Peer to Peer Lending NBFCs, differentiated banks, Prepaid Payment Instrument issuers etc.

Government Subsidies

He is an expert in advising manufacturing companies across sectors on availing Central/State Government subsidy.

He has assisted several manufacturers in the automotive, food processing and ESDM sector in obtaining approvals from the Central Government and State Government to avail fiscal subsidies under various Schemes both at a Central and State level.

Factory Set up

He has a deep understanding of the licenses that are required to set up a factory in India. He has assisted several entrepreneurs and corporates in obtaining factory licenses in various locations across India.

eCommerce

He has assisted various eCommerce players in structuring their business in accordance with the Indian regulations which are quite exhaustive and impose several restrictions. He has helped corporates set up collecting agency models and obtain approvals for cross border settlements through normal banking channels.

Company Law

He has helped several entrepreneurs and entities in incorporating companies in India and handheld them through their journey of comprehensive secretarial compliances laid down in the Companies Act.