............................................................................................................................. Description • Bharat's Foreign Exchange Management Manual is not a mere compilation of RBI Circulars and notifications. Rather, it is the only comprehensive work on foreign exchange law, Rules and Regulations explaining the whole concept and legal framework in a very systematic manner. At appropriate places, the information is presented in a tabulated manner to facilitate an easier understanding of the various topics. • The Foreign Exchange Management Manual contains latest information on Foreign Exchange Management law based on RBI Notifications, AP (DIR Series) Circulars, Master Circulars and Government Notifications. • The Manual consists of: Division 1 - Ready Reckoner and FAQs Division 2 - Text of Foreign Exchange Management Act, 1999 with commentary thereon and the following three Appendices: Appendix I: Provisions of the Income-tax Act, 1961 regarding search, seizure, etc. Appendix II: Provisions of Allied enactments referred to in the Act Appendix III: Notifications and Orders issued under FEMA, 1999 Division 3A - Rules and Regulations framed under FEMA, 1999 with commentary Division 3B - Relevant Provisions of Exchange Control Manual Division 4 - Allied Acts and Rules Division 5 - Text of AD (MA Series) and AP (DIR Series) Circulars Division 6 - Master Circulars issued by RBI on 2.7.2008 Division 7 - Memorandums Division 8 - FDl Policy • Each Rule/Regulation finds a distinct Chapter in the Manual. Each chapter first contains an analysis of the Rule/Regulation in a systematic manner followed by the relevant textual information. • Each Chapter has been developed based on respectiveRule/Regulation, AP (DIR Series) Circulars, latest Master Circulars and other relevant information. • The original Text of each Rule and Regulation as amended from time to time has been placed in the respective Chapter itself. • Besides the Forms contained in Rules and Regulations, wherever required, additional Forms have been drawn from EC Manual, AP (DIRSeries) Circulars, latest Master Circulars etc. and incorporated in the Chapters relating to Rules and Regulations. • Ready Reckoner developed in Tabular form is intended to serve as a handy and useful Guide to Authorised Dealers, Residents and Non-residents, Corporate Sector etc. • Bharat's Foreign Exchange Management Manual will be useful for Authorised dealers, exporters/ importers, NRIs, PIOs, foreign nationals, corporate sector, professionals like Chartered Accountants, Company Secretaries, advocates etc. ............................................................................................................................. Contents Volume 1 Division 1 - FEMA Ready Reckoner Division 2 - The Foreign Exchange Management Act, 1999 Chapter 1. Preliminary Chapter 2. Regulation and Management of Foreign Exchange Chapter 3. Authorised Person Chapter 4. Contravention and Penalties Chapter 5. Adjudication and Appeal Chapter 6. Directorate of Enforcement Chapter 7. Miscellaneous Volume 2 Division 3A - Rules and Regulations notified under Foreign Exchange Management Act, 1999 Division 3B - Relevant Provisions of Exchange Control Manual (ECM) Division 4 - Allied Acts and Rules Volume 3 Division 5 - AD (MA Series)/AP (DIR Series) Circulars 2000 to Date Division 6 - Master Circulars Division 7 - Memorandums Division 8 - Foreign Direct Investment (FDI) Policy and Press Notes ............................................................................................................................. Author Details Ashhok Saxena, B.Com. (H), CAIIB, AICWA, FCS ............................................................................................................................. |