Description
Bloomsbury India Fema Ready Reckoner With Commentary 4E by R Sridhar
About The Book:
The book seeks to provide readers with a practical insight into provisions of FEMA and associated laws in the form of commentary. 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 is an attempt to provide professionals and compliance officers with essential knowledge and tools to understand and undertake the necessary compliances. The book provides the latest position without compromising on changes in the law that have taken place over time. This book aims to equip professionals, be it CS, CA, CMA or corporate lawyers, who are desirous of undertaking compliances or practicing on exchange control laws with the requisite knowledge and expertise. It seeks to be a practical guide to interpretation and compliances under exchange control laws.
The book promises to be the go-to resource for exchange control laws for current and would be professionals and compliance officers.
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). Master Directions
About the Authors:
Sridhar is a qualified Company Secretary and lawyer with over 23 years post qualification experience in tax and regulatory matters. A significant part of his career was spent in Delhi where he gained expertise in dealing with regulators around complex and varied matters that impacted the presence and operations of multinational corporations.
Sridhar is currently a tax partner in Grant Thornton LLP based out of Chennai office. In his career, he has handled a wide variety of matters including mergers & acquisitions, corporate restructuring, planning and implementing foreign investment across sectors, obtaining approvals and licenses for regulated sectors and proposals. He has also assisted in setting up / acquisition of businesses overseas (outbound investments) that are tax and regulatory complaint.
Sridhar is a regular speaker at various fora’s across India, including the ICAI, ICSI and various trade/professional bodies where he speaks on foreign direct investment policy, exchange control law, M&A, special economic zones and income-tax law.