Achromic Point

Description

Achromic Point would like to invite you for our “Annual FEMA Summit 2019” along with “MHA Legal” as our Knowledge Partner and “Lawyers Club India” as our Online Media Partner in Delhi.

Foreign Exchange Management Act, 1999 (FEMA) is the gateway legislation of India for Inbound and Outbound Investments. The magnitude and complexity of the FEMA needs to be understood well before playing in Indian financial markets.

From the time FEMA was introduced, till today lot of relaxations have been introduced by Reserve Bank for smooth facilitation of trade operations and this one day event will provide an exclusive forum for participants to understand the FEMA Regulations, FDI Policy, and will help the delegates in setting up comprehensive policy to meticulously follow the law and they will be equipped with the tricks to fight financial crimes and protect your organization.

Program Outline:-

Opening Remarks 

• Changing regulatory landscape
• Liberalization or additional compliance
• Road ahead

Session – 1

Foreign Direct Investments 

• Introduction and FEMA structure
• Changes witnessed in the past one year
• Issue / Transfer of Securities
• Right issue / Bonus issue / ESOP
• Downstream investments – procedure  and challenges
• Challenges for the regulated and unregulated sector – retail, pharma, defense, financial services etc.
• Press note Vs. FEMA
• Case studies

Session – 2

Export and import of Goods and Services

• Export and Import compliances, settlement, advances and interest payments
• Export on re-import basis and import on reimport basis
• Third Party payments / receipts
• Factoring of import / export bills
• Merchanting trade
• Write off / netting off
• EDF Waiver
• IPDMS & EPDMS – challenges / options
• Case studies

Session – 3

External Commercial Borrowings

• New Regime – 2019
• Routes of availing ECBs and RDB’s
• Eligible Borrowers and Lenders, End use
• ECB Liability/ Equity Ratio
• Guarantees/Security
• Repayment and Refinancing
• Procedure and Compliance
• Structured Obligation
• Other Instruments that require Compliance with ECB norms

Session – 4

Foreign Currency Account by a person resident in India

• Eligibility
• Restrictions
• Status of Overseas Branch/ Representative / Liaison Office
• Challenges and options

Session – 5

Investigations by Enforcement Directorate / Compounding by RBI 

• Powers of ED / RBI
• Investigation  notices and Compliances
• How to handle investigations
• Procedure and Process
• Compounding fee / penalty that can be imposed

Speakers:

• Manish Tyagi
  Partner, MHA Legal

• Naveen Aggarwal
  Partner- Chief Operating Officer, Tax, KPMG

• Neha Aggarwal
  Director Regulatory, PwC
• Sunil Kumar
  Director- Regulatory, EY

*More Experts to join in from the Industry.