FEMA & FDI Ready Reckoner by Taxmann

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 20^th 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 23^rd Edition | 2025, amended up to 20^th 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