Exporter - fema - rbi

We are a start-up offering technology/software services, do I need to be registered and recognized as an Exporter under Foreign Trade Policy? What if, we have been conducting our business so far without having to register our company as an exporter in India? Are there any legal implications? we offer software support services to overseas buyers/clients who then transfer our fees/charges/payments through normal banking channels to our Indian current account. Recently, we thought of using Payoneer to receive money from our overseas clients, but they asked us to declare that we are duly registered as an exporter in India. We also considered opening a multi-currency account overseas. Is holding an electronic money account overseas by an Indian company legal? the e-money account it opened with an Electronic Money Institution regulated by overseas regulator. They transfer the money deposited by the account holder to a tier-1 bank. This is called safeguarding. We would like to collect the payments overseas in this e-money multicurrency account. Thereafter, we wish to pay our suppliers located abroad directly from the overseas account and remit the remaining money back to our Indian Bank Account.