.........................................................................................................................
Book Description
The Present edition is a combination of the theoretical and practical issues and has been comprehensively complied by subject wise grouping of all the relevant rules, circulars, notifications, guidelines and regulations in the concerned Parts/Chapters of the Book with a view to identifying them easily in a simplified way which is very useful for NRIs/PIOs/Non-residents and FIIs, corporates as well as their consultants.
This book contains special coverage of the FDI policy issued by the Ministry of Industries and the Taxation impact on the NRIs/PIOs/FIIs and their tax liability and exemptions available to them. This book also contains indepth knowledge for the persons who have regular dealings in the RBI. This book is updated up to 11th May 2010
Looking into the strong online data base available with the Reserve Bank of India, Ministry of Finance of other authorities, we have not reproduced the relevant circulars and notification, which were not considered much relevant, which may be referred at the relevant websites. The book has been divided into 20 Parts covering investment opportunities available to NRI/PIO/FII, etc. The book shall prove to be a tremendous source in information, guidance and reference to NRIs, PIOs, FIIs, bodies corporate, chartered accountants, company secretaries, cost accountants, advocates, consultants, government department etc.
.........................................................................................................................
Contents
Part I : Introduction & Background Material
Part II :Status of Resident
Chapter 1 : Status of Resident
Part III :Foreign Direct Investment Policy in India
Part IV :Deposits and Bank Accounts
Chapter 1 : Deposits
Chapter 2 : Non-resident Ordinary Rupee Account
Chapter 3 : Non- resident (External) Rupee Account
Chapter 4 : Foreign Currency Non- resident Account
Chapter 5 : NRNR Account
Chapter 6 : NRSR Account
Chapter 7 : Acceptance of Deposits by Companies, etc.
Chapter 8 : Acceptance of Deposits by Firms, etc. on Non repatriation Basis
Chapter 9 : Deposits in Foreign Currency Accounts Outside India of Proceeds of
ECBS/ADRS/GDRS
Chapter 10 : Commercial Paper Issued by Indian Companies
Chapter 11 : Escrow/Special Accounts by Non-resident Corporates for Open
Offers/Delisting/Exit Offers
Chapter 12 : India Millennium Deposits (IMDS)
Chapter 13 : Rupee/Foreign Currency Vostro Accounts of Non resident Exchange Houses
Chapter 14 : Guidelines Relating to Accounts of Non – Resident Banks and FAQ
Part V: Foreign Currency Transactions Accounts
Chapter 1 : Capital Account Transactions
Chapter 2 : Current Account Transaction
Part VI : Investment in Shares and Securities
Chapter 1 : Issue of Security in India by a Branch, Office or Agency of a Person Resident
outside India
Chapter 2 : Transfer or Issue of Security by a Person Resident outside India under the
Foreign Direct Investment Policy
Chapter 3 : Investment Schemes in shares and securities Other than FDI Policy
Chapter 4 : Other Provisions Relating to Investments in Shares
Part VII : Investment in Firm or Proprietary Concern in India
Part VIII : Overseas Corporate Bodies (OCBS)
Part IX : Borrowing and Lending
Chapter 1 : Borrowing & Lending in Indian Rupee
Chapter 2 : Borrowing & Lending In Foreign Currency
Part X : Establishment of Branch or Office or Other Place of Business in India
Part XI : Acquisition and Transfer of Immovable Property
Chapter 1 : Acquisition and Transfer of Immovable Property Outside India
Chapter 2 : Acquisition and Transfer of Immovable Property in India
Part XII : Insurance
Part XII I: Status of Person Returning of India
Part XIV :Remittance of Assets
Part XV: Repatriation
Part XVI : Manner of Receipt and Payment, Export, Import, Realisation, Repatriation, Surrender, Possession, Retention Realisation of Demand Draft and Cheques, in Foreign Currency, etc.
Chapter 1: Receipt and Payment in Foreign Exchange
Chapter 2 : Export and Import of Currency
Chapter 3 : Realisation, Repatriation and Surrender of Foreign Exchange
Chapter 4 : Possession and Retention of Foreign Currency Regulations
Chapter 5 : Encashment of Drafts and Cheques
Part XVII : PIO, OCI, International Credit and Debit Cards
Chapter 1 : PIO and OCI Card
Chapter 2 : International Credit Cards (ICCs) International Debit Cards (IDCs) / Store
Value Cards/Change Cards/Smart Cards
Part XVIII : Adjudication Proceedings and Appeal, Authentication of Documents and Compounding
Chapter 1 : Adjudication Proceedings and Appeal
Chapter 2 : Authentication of Documents
Chapter 3 : Compounding Proceedings
Part XIX : Taxation of NRI
Part XX: FEMA and Allied Acts
Chapter 1 : The Foreign Exchange Management Act, 1999
Chapter 2 : The Foreign Contribution (Regulation) Act, 1976
Chapter 3 : The Foreign Contribution (Acceptance or Retentions of Gifts or
Presentations) Regulation, 1978
Appendix 1 Frequently Asked Questions
Appendix 2 Facilities Available to NRIs, PIO for Investment in India
Appendix 3 Features of various Deposit Schemes available to Non-resident Indians
(NRIs)
Appendix 4 Time Limit Prescribed under the Provisions of Foreign Exchange
Management Act, 1999
Appendix 5 Penalties Prescribed under the Provisions of Foreign Exchange
Management Act, 1999
Appendix 6 List of NRIs Commissioners
Appendix 7 List of State Nodal Agencies
.........................................................................................................................
Author Details
Dr. D. K. Jain, M.com, FCS, ACIS (UK), Ph.D. is a Practicing Company Secretary, engaged in the practicing field of Company Law, SEBI and Stock Exchange compliances. He has more than 26 years of practical experience in corporate laws and has been in the profession of Company Secretary for over 16 years.
Dr. Jain is having international professional qualification of Chartered Secretary from the Institute of Chartered Secretaries and Administrators (UK) and is a Fellow Member of the Institute of Company Secretaries of India. He has completed research work on Generally Accepted Accounting Principles and its effect on final accounts ( a comparative study of GAAP of India, UK and USA) and is also a Member of the Indian Council of Arbitration and an Associate Member of the All India Management
Dr. Jain has authored several books for professionals on various topics of Company Law (including Company Law Ready Reckoner, Company Law Procedures in Four volumes) and Corporate Secretarial Practice. He having keen interest in academic an is a regular contributor of articles on various corporate matters in newspapers and professional journals. He was the member of the Editorial Board of monthly bulletin Focus published by the Western India Regional Council of the Institute of Company Secretaries of India.
Mr. Ishan Jain, a young and dynamic professional of just 21 years, is a licentiate member of ICSI and pursing C. A. (Final). He has completed his articleship of CA for a period of 3 years with a leading CA Firm. He has also co-authored the book Guide to Private Limited Company. He is having good experience in the field of Audit, Taxation and Legal Compliances relating to Registrar of Companies while working during his articleship period.
......................................................................................................................... |
