FEMA & FDI Ready Reckoner is the definitive reference for all aspects of India's foreign exchange management, cross-border investments, and remittance regulations. This book has been meticulously updated to incorporate all statutory changes, circulars, and regulatory notifications up to 20th May 2025, ensuring readers have access to the most current legal framework governing FEMA and FDI in India.
This Ready Reckoner is an indispensable resource for:
- Chartered Accountants, Company Secretaries, and Legal Practitioners advising on foreign exchange laws, FDI, and cross-border transactions
- CFOs, Compliance Officers, and Finance Professionals in corporates, MNCs, and startups dealing with inbound or outbound investments
- Banking and Financial Sector Executives handling forex operations, international remittances, or regulatory compliance
- NRIs, OCIs, and Foreign Investors seeking clarity on permissible transactions, repatriation, and property acquisition
- Policy Advisors, Academicians, and Students of law, finance, and management
The Present Publication is the 23rd Edition | 2025, amended up to 20th May 2025. This book is authored by Taxmann's Editorial Board with the following noteworthy features:
- [Comprehensive Coverage] Exhaustively covers all practical, procedural, and legal aspects of FEMA and FDI, including the latest amendments, RBI circulars, and sectoral regulations
- [Topic-wise Clarity] Chapters arranged thematically with a practical focus, from current and capital account transactions to investment instruments and sectoral policies
- [Latest Developments] Incorporates new rules for LRS, ECBs, ODI, FDI in startups, debt instruments, IFSC, and compounding procedures
- [Special Focus] Includes coverage of NRI/OCI regulations, external commercial borrowings, acquisition of immovable property, offences and penalties, and compliance with PMLA, FCRA, and COFEPOSA
- [User-friendly] Includes detailed tables, cross-references, updated FAQs, and a comprehensive subject index for quick navigation
- [Practical Aids] Contains checklists, process charts, model formats, and practical guidance on procedural aspects
- [Authoritative & Trusted] A perennial bestseller and the most relied-upon reference for professionals, regulators, and institutions dealing with FEMA and FDI
The book provides in-depth treatment of, inter alia:
- Liberalised Remittance Scheme (LRS), current and capital account transactions, bank accounts in foreign exchange
- Foreign investment in India, including FDI, FPI, FVCI, and investment by NRI/OCI
- Borrowing and lending in rupees and foreign currency, ECBs, trade credit, and structured obligations
- Detailed treatment of export and import of goods and services, project exports, and service exports
- Overseas investment by Indian entities, guarantees, insurance, and investment vehicles
- Acquisition and transfer of immovable property in India and abroad by residents, NRIs, and foreign entities
- Remittance of assets, enforcement, penalties, compounding, and appellate procedures under FEMA
- Regulations relating to PMLA, FCRA, COFEPOSA, and IFSC operations
- Branch/LO/Project Office regulations, money-changing activities, and risk management
The structure of the book is as follows:
- Logical Sequencing – Begins with fundamental concepts, followed by step-wise progression through account operations, investment regulations, sector-specific FDI rules, borrowing/lending, and compliance procedures
- Detailed Chapters – 55 chapters, each focusing on a discrete aspect—ranging from FEMA overview, Authorised Person, LRS, to sectoral FDI, ODI, ECBs, property transactions, and enforcement
- Appendices & Index – Exhaustive list of acronyms, comprehensive subject index, and tables for ready reference
