Description
This book provides complete and accurate information about all provisions of the Foreign Exchange Management Act 1999 (FEMA). It also includes guidance on all practical issues faced by companies and FEMA professionals.
The key features of this book are as follows:
[Topic-wise Commentary] on 50+ topics
[Analysis] with relevant Rules, Judicial Pronouncements, Circulars, Notifications and Master Directions issued by the Reserve Bank of India
Guide to Liberalised Remittance Scheme (LRS) & Overseas Investment
Law Relating to the following
Prevention of Money Laundering Act (PMLA)
Foreign Contribution (Regulation) Act (FCRA)
Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (COFEPOSA)
The Present Publication is the 19th Edition & amended up to 5th July 2023. This book is authored by Taxmann's Editorial Board. The coverage of this book is as follows:
FEMA – Overview
Authorised Person
Account in India by a Person Resident out of India
Accounts of Indian Residents in Foreign Currency
Receipt and Payment in Foreign Exchange
Realisation, Repatriation and Surrender of Foreign Exchange
Money Changing Activities
Money Transfer Service Scheme (MTSS)
Possession and Retention of Foreign Currency
Export and Import of Currency or Currency Notes
Remittances on Current Account
Liberalised Remittance Scheme (LRS)
Export of Goods and Services
Import of Goods and Services
Project Exports and Service Exports
Foreign Exchange Rates
Overview of Capital Account Transactions
Foreign Investment in India
FDI in Indian Company
Section Wise FDI Policy at a Glance
FDI – Downstream Investment, i.e. Indirect Investment
FDI through Rights, Bonus, Sweat Equity or Merger/Amalgamation
FDI – Transfer of Securities
FDI in LLP
FDI in GDR/ADR
Investment by NRI or OCI
FDI in a Startup Company
Investment by Foreign Portfolio Investors
FDI in Investment Vehicle
FDI by FVCI
FDI – Investment in Securities by Funds, Foreign Central Bank, etc.
Overseas Investment by Indian Entity
Guarantees
Insurance
Borrowing and Lending in Foreign Currency
Borrowing and Lending in Indian Rupees
Foreign Investment in Debt Instruments
External Commercial Borrowings
Trade Credit (TC) and Structured Obligations
Acquisitions and Transfer of Immovable Property in India
Acquisition and Transfer of Immovable Property outside India
Remittance of Assets
Branch/LO/Project Office in India by Foreign Entities
Indian Depository Receipts
Risk Management and Inter-Bank Dealings
VOSTRO Account for International Trading
Industrial Policy of Government of India
Enforcement of FEMA
Penalties under FEMA
Appeals under FEMA
Compounding of Contraventions under FEMA
Prevention of Money Laundering Act
Foreign Contribution (Regulation) Act (FCRA)
COFEPOSA, 1974
International Financial Services Centre (IFSC)
