Creates an email helpline to give regulatory advice for start-ups at a time when they are increasingly engaged in cross-border transactions The Reserve Bank of India (RBI) has created an email helpline to provide regulatory advice for start-ups at a time when they are increasingly engaged in cross-border transactions. “Start-up enterprises usually undertake a wide range of cross-border transactions including those related to investment. Cross-border transactions of resident Indians are subject to the regulatory regime provided by the Foreign Exchange Management Act, 1999,” the RBI said in a circular on Tuesday. Several Indian start-ups have shifted base to Singapore due to easier regulations on raising funds and taxation. This has led to an increase in cross-border transactions for such companies. All cross-border transactions are subject to FEMA regulations as they involve foreign currency. Further, according to reports in July, a rule that requires companies to fill out a s