📘 Foreign Exchange Management | 3rd Edition (2024)
✍️ Authored by CA Sudha G. Bhushan | Published by Taxmann
📅 Amended up to 7th June 2024
A Comprehensive FEMA Guide for Professionals, CFOs, Banks & Students
This authoritative handbook offers exhaustive coverage and simplified interpretation of the Foreign Exchange Management Act (FEMA). Tailored for professionals handling international transactions, it provides section-wise commentary, case studies, and real-world compounding orders—making it the go-to resource for FEMA compliance, foreign investments, borrowings, and cross-border transactions.
🌐 Who Should Read This Book?
✅ Chartered Accountants, CS, Cost Accountants, & Lawyers
✅ CFOs of Indian & MNC Companies
✅ Authorised Dealer (AD) Banks
✅ Students of Foreign Exchange & FEMA Law
✅ Individuals engaged in International Business & Investments
💡 Key Highlights:
🔍 In-depth Section-wise Commentary – Covers every section and rule under FEMA
📊 Pictorial Charts & Checklists – For easier understanding & faster application
📖 Real Case Studies & RBI Orders – Brings law to life with practical context
📚 Historical Perspective – Explains transition from FERA to FEMA
🧾 Residential Status Explained – With examples & interpretation
🛠️ Balance Sheet Approach – Practical method to evaluate cross-border transactions
📌 Capital vs. Current Account – Clear definitions and compliance procedures
📘 Coverage Structure:
📌 [Fundamentals]
Origin & shift from FERA to FEMA
Regulatory framework (RBI, Central Govt.)
Residential Status
Current vs. Capital Account Transactions
Foreign currency account guidelines
🌍 [Foreign Investment]
FDI & FPI explained in-depth
Entry routes, pricing, sectors, downstream investments
Compliances for foreign entities & Indian investees
🏠 [Cross Border Assets]
Property transactions involving NRIs/PIOs
Repatriation of proceeds
Legal conditions for acquisitions and transfers
💰 [Borrowings]
ECBs, trade finance, guarantees & deposits
Eligibility, routes, limits & approvals
Step-by-step borrowing procedures
🏦 [IFSC]
Overview of India’s International Financial Services Centres
Regulatory benefits & strategic promotion
Overseas investment in/out of IFSC
📦 [Trade Transactions]
Exports, imports, and merchanting trade
Export obligations & repatriation timelines
Key documentation and reporting
⚖️ [Contravention & Offences]
Adjudication procedures
Compounding mechanisms with real orders
Penalties, prosecution, and role of ED
🌐 [Overseas Investment]
New regime’s structure & terminology
ODI, OPI, and financial commitment explained
Reporting, disinvestment & restructuring norms
✅ Why This Book?
📌 Combines law + practice with clarity
📌 Ideal for daily advisory, compliance & audits
📌 Updated as per the latest FEMA rules till June 2024
📌 Written in a simple, structured, and user-friendly style
🔎 Unlock the full potential of FEMA with this all-in-one reference.
📘 Perfect for guiding clients, managing cross-border operations, or clearing your concepts.
