FEMA AND FDI READY RECKONER-LATEST :-AUGUST 2024
Click Image for Gallery
Description
This book provides complete and accurate information about all provisions of the Foreign Exchange Management Act 1999 (FEMA). It also includes guidance on practical issues faced by companies and FEMA professionals.
This book will be helpful for Companies dealing with foreign exchange, FEMA professionals, Legal and financial advisors, and Students and academicians in financial law.
The Present Publication is the 21st Edition & amended up to 30th June 2024. This book is authored by Taxmann's Editorial Board with the following noteworthy features:
- [Topic-wise Commentary] The book provides a detailed commentary on over 50 topics, providing in-depth insights and explanations to enhance the reader's understanding
- [Comprehensive Analysis] It includes the analysis along with relevant rules, judicial pronouncements, circulars, notifications, and master directions issued by the Reserve Bank of India, ensuring a well-rounded perspective on the subject
- [Focused Guides] Special guides on topics such as Liberalised Remittance Scheme (LRS) and Overseas Investment are provided, providing targeted information
- [Legal Context] The book also covers laws related 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 coverage of this book is as follows:
- FEMA – Overview
- An introductory chapter that sets the stage by explaining the fundamental principles and objectives of FEMA, offering a bird's eye view of the act
- Authorised Person
- Discusses the roles and responsibilities of authorised persons under FEMA, including their regulatory obligations and operational guidelines
- Accounts in India by Person Resident Out of India
- Provides detailed procedures and regulations for maintaining accounts in India by non-residents, encompassing various account types and compliance requirements
- Accounts of Indian Residents in Foreign Currency
- Explains the norms and guidelines for Indian residents holding foreign currency accounts, including the conditions and permissible transactions
- Receipt and Payment in Foreign Exchange