FEMA Ready Reckoner With Commentary (7th Edition) (2 Volumes)

Keynote
The book seeks to provide readers with a practical insight into provisions of FEMA and associated laws in the form of a commentary, supported by text of FEMA and allied rules, providing professionals with knowledge and tools to understand and undertake necessary compliances.

Description
The general focus of exchange control laws has gradually shifted over time to compliance, reporting and documentation. Given that FEMA provides for significant penalty and prosecution; there is little room for non-compliance. This book provides professionals and compliance officers with the essential knowledge and tools to understand and undertake the necessary compliances. It provides the latest position without compromising on changes in the law that have taken place over time and to equip professionals, be it CS, CA, CMA or corporate lawyers, who are desirous of undertaking compliances or practicing in the area of exchange control laws, with the requisite knowledge and expertise. It seeks to be a practical guide to interpretation and compliances under exchange control laws.

Key Features

• Extensive coverage of FEMA and its allied rules and regulations with Commentary.
• Explanation of complex concepts in a lucid manner using illustrations and examples so as to provide clarity and better understanding of the law.
• Diagrammatic and tabular representation of various concepts for simple and quick understanding.
• Covering pertinent answers to issues not explicitly defined by law but clarified through practice or interpretation of the regulators.
• Comprehensive coverage of:

(i). FEMA & Allied Acts:

• Foreign Exchange Management Act, 1999
• Foreign Contribution (Regulation) Act, 1976
• Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974
• Foreign Trade (Development and Regulation) Act, 1992
• Prevention of Money Laundering Act, 2002
• Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976

(ii). Rules and Regulations issued under FEMA Act, 1999
(iii). Forms
(iv). FAQs issued by Reserve Bank of India
(v). Press Notes
(vi). Notifications issued under FEMA
(vii). AP DIR Circulars
(viii). Consolidated FDI Policy Circular of 2020 effective from October 15, 2020
(ix). Master Directions