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FEMA Compounding Orders A Comprehensive Analysis

by Tanvi Vora, Harshal Bhuta, Hardik Mehta
Compounding of Offences FEMA
Categories: Foreign Exchange Laws
Publisher: Bloomsbury Professional India
About Book:

The law governing exchange control aspects of cross border transactions viz. Foreign Exchange Management Act, 1999 along with its Rules and Regulations, is a special and unique statute in itself, which is regulated and administered by Reserve Bank of India ('RBI').
RBI implemented a policy decision in May 2016, to make public disclosure of all compounding orders passed by it. This has offered an ideal opportunity to gain insights into RBI's outlook and interpretation of FEMA, and also the administrative practices adopted by RBI from time to time.
The book provides a comprehensive analysis of all the compounding orders published by RBI during the period July 2016 to December 2018, to facilitate FEMA practitioners, companies and other persons undertaking cross-border transactions in understanding the RBI's perspective which is the driving force behind its interpretation and administration of FEMA.

Key Features Of The Book

  • Solitary publication on analysis of RBI compounding orders (covering orders issued upto 31st December 2018)
  • Coverage of 1268 FEMA compounding orders
  • Arrangement of compounding orders Notification-wise and Regulation-wise
  • Handy comparison of erstwhile and revised FEMA Notifications for provisions contravened under the compounding orders
  • Vital insights into principles applied by RBI while interpreting provisions of FEMA and important notifications
  • Detailed reporting of nearly 100 compounding orders along with analysis and summary compilation of all remaining orders
Authors: Tanvi Vora, Harshal Bhuta, Hardik Mehta
About Authors:
Tanvi Vora :

Tanvi Vora is a qualified Chartered Accountant from India. She also holds a Gen. LL.B. degree from K.C. Law College (Mumbai University). She has also received an Advanced Diploma in International Taxation from the Chartered Institute of Taxation (United Kingdom). She holds an Advanced LL.M. in International Tax Law from University of Amsterdam (jointly with IBFD) and was awarded the UvA-IBFD scholarship.
She has worked as a part of a boutique firm known for providing Indian Foreign Exchange Laws, Transfer Pricing & International Taxation consultancy services with special focus on Emigrating and Immigrating Individuals. She has also worked with KPMG India in Transfer Pricing and with T. P. Ostwal and Associates, Mumbai, India. Her varied work experience includes transfer pricing compliance and consultancy of large MNEs and has also advised on numerous cross border transactions. She is serving as a convenor for the Membership and Public Relations Committee of The Chamber of Tax Consultants, India for the year 2020-21 as an honorary service. She has co-authored the publication 'FEMA Compounding Orders – A Comprehensive Analysis' published by Bloomsbury India in July 2019 and is a regular speaker at various forums and has published a number of articles.

Harshal Bhuta :

Harshal Bhuta is a qualified Chartered Accountant from India. He has also received an Advanced Diploma in International Taxation from the Chartered Institute of Taxation (United Kingdom). He holds LL.M. (Honors) in International Tax Law from Wirtschaftsuniversität Wien, which he pursued as 2014 – FIT Scholar.
He is working with P. R. Bhuta & Co., Chartered Accountants (Mumbai, India) which is a boutique firm providing Indian Foreign Exchange Laws, International Taxation & Transfer Pricing consultancy services. He has over 10 years of varied work experience which includes advising on numerous cross border transactions. He is a regular speaker at various forums and has published a number of articles. He also conducts Masterclass on Cross-Border Transactions for training participants from corporate sector. He has served as Vice-Chairman for International Taxation Committee of The Chamber of Tax Consultants, India for the year 2019-20. He has co-authored the publication 'FEMA Compounding Orders – A Comprehensive Analysis' published by Bloomsbury India in July 2019.

Hardik Mehta :

Hardik Mehta is a qualified Chartered Accountant from India. He has also completed Certified Public Accountant (CPA (US)) examinations in 2018.
He is working as a partner with M B Nayak & Co., Chartered Accountants (Mumbai, India) which is a multi – disciplinary firm. He has over 10 years of work experience and specializes in advising clients on Exchange Control law and Regulations (FEMA), Transfer Pricing Regulations and International Tax Law. He also advises and assists Indian NRIs and subsidiaries of Indian companies in USA in filing their US Tax Returns. He regularly speaks at various study circle meetings and seminars of Bombay Chartered Accountants Society (BCAS), The Chamber of Tax Consultants (CTC) and Western Region of ICAI (WIRC). He is presently serving as managing council member and convenor of Taxation Committee of BCAS.

About Publisher:

Bloomsbury Professional India brings out quality content on tax, accounting and law for professionals in India. Bloomsbury Professional is part of Bloomsbury, a UK based company with offices in London, Oxford, New York, Sydney and New Delhi. The New Delhi based office of the publisher, have over the past few years of operations in India, brought out several market leading books and aims to be the first choice of professionals.

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Compounding of Offences FEMA
Categories: Foreign Exchange Laws
Publisher: Bloomsbury Professional India
About Book:

The law governing exchange control aspects of cross border transactions viz. Foreign Exchange Management Act, 1999 along with its Rules and Regulations, is a special and unique statute in itself, which is regulated and administered by Reserve Bank of India ('RBI').
RBI implemented a policy decision in May 2016, to make public disclosure of all compounding orders passed by it. This has offered an ideal opportunity to gain insights into RBI's outlook and interpretation of FEMA, and also the administrative practices adopted by RBI from time to time.
The book provides a comprehensive analysis of all the compounding orders published by RBI during the period July 2016 to December 2018, to facilitate FEMA practitioners, companies and other persons undertaking cross-border transactions in understanding the RBI's perspective which is the driving force behind its interpretation and administration of FEMA.

Key Features Of The Book

  • Solitary publication on analysis of RBI compounding orders (covering orders issued upto 31st December 2018)
  • Coverage of 1268 FEMA compounding orders
  • Arrangement of compounding orders Notification-wise and Regulation-wise
  • Handy comparison of erstwhile and revised FEMA Notifications for provisions contravened under the compounding orders
  • Vital insights into principles applied by RBI while interpreting provisions of FEMA and important notifications
  • Detailed reporting of nearly 100 compounding orders along with analysis and summary compilation of all remaining orders
Authors: Tanvi Vora, Harshal Bhuta, Hardik Mehta
About Authors:
Tanvi Vora :

Tanvi Vora is a qualified Chartered Accountant from India. She also holds a Gen. LL.B. degree from K.C. Law College (Mumbai University). She has also received an Advanced Diploma in International Taxation from the Chartered Institute of Taxation (United Kingdom). She holds an Advanced LL.M. in International Tax Law from University of Amsterdam (jointly with IBFD) and was awarded the UvA-IBFD scholarship.
She has worked as a part of a boutique firm known for providing Indian Foreign Exchange Laws, Transfer Pricing & International Taxation consultancy services with special focus on Emigrating and Immigrating Individuals. She has also worked with KPMG India in Transfer Pricing and with T. P. Ostwal and Associates, Mumbai, India. Her varied work experience includes transfer pricing compliance and consultancy of large MNEs and has also advised on numerous cross border transactions. She is serving as a convenor for the Membership and Public Relations Committee of The Chamber of Tax Consultants, India for the year 2020-21 as an honorary service. She has co-authored the publication 'FEMA Compounding Orders – A Comprehensive Analysis' published by Bloomsbury India in July 2019 and is a regular speaker at various forums and has published a number of articles.

Harshal Bhuta :

Harshal Bhuta is a qualified Chartered Accountant from India. He has also received an Advanced Diploma in International Taxation from the Chartered Institute of Taxation (United Kingdom). He holds LL.M. (Honors) in International Tax Law from Wirtschaftsuniversität Wien, which he pursued as 2014 – FIT Scholar.
He is working with P. R. Bhuta & Co., Chartered Accountants (Mumbai, India) which is a boutique firm providing Indian Foreign Exchange Laws, International Taxation & Transfer Pricing consultancy services. He has over 10 years of varied work experience which includes advising on numerous cross border transactions. He is a regular speaker at various forums and has published a number of articles. He also conducts Masterclass on Cross-Border Transactions for training participants from corporate sector. He has served as Vice-Chairman for International Taxation Committee of The Chamber of Tax Consultants, India for the year 2019-20. He has co-authored the publication 'FEMA Compounding Orders – A Comprehensive Analysis' published by Bloomsbury India in July 2019.

Hardik Mehta :

Hardik Mehta is a qualified Chartered Accountant from India. He has also completed Certified Public Accountant (CPA (US)) examinations in 2018.
He is working as a partner with M B Nayak & Co., Chartered Accountants (Mumbai, India) which is a multi – disciplinary firm. He has over 10 years of work experience and specializes in advising clients on Exchange Control law and Regulations (FEMA), Transfer Pricing Regulations and International Tax Law. He also advises and assists Indian NRIs and subsidiaries of Indian companies in USA in filing their US Tax Returns. He regularly speaks at various study circle meetings and seminars of Bombay Chartered Accountants Society (BCAS), The Chamber of Tax Consultants (CTC) and Western Region of ICAI (WIRC). He is presently serving as managing council member and convenor of Taxation Committee of BCAS.

About Publisher:

Bloomsbury Professional India brings out quality content on tax, accounting and law for professionals in India. Bloomsbury Professional is part of Bloomsbury, a UK based company with offices in London, Oxford, New York, Sydney and New Delhi. The New Delhi based office of the publisher, have over the past few years of operations in India, brought out several market leading books and aims to be the first choice of professionals.

Similar Books

Ratings and Reviews

Overall Rating
Review
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