Foreign stock exchanges and regulators need a fully compliant local brokerage license. In our case, Stockal's US brokerage partner and clearing partners have the requisite licenses and are fully compliant. Stockal is a SEBI regulated advisory entity in India that helps with providing investor support, investor communication and maintenance of data locally as needed.
RBI compliance is managed by banks directly as the investors remit money directly from their bank accounts to brokerage accounts.