Cross Border Remittances – A FEMA Perspective


Date and Time:

August 24, 2023 10:00 AM - 3:30 PM

Event Location:

Online, India

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To promote the systematized development and maintenance of a healthy foreign exchange market in India along with other various objectives, Foreign Exchange Management Act, 1999 (FEMA) was enacted by the parliament. Since its introduction, a lot of relaxations have been introduced by Reserve Bank for smooth facilitation of trade operations. Recently in order to survive these unprecedented times, Government has reviewed the extant FDI policy in order to curb the opportunistic takeovers/acquisitions of Indian companies due to the current pandemic.

Achromic Point brings this highly Interactive Cross Border Remittances – A FEMA Perspective on 24th August 2023 discussing the Foreign Direct Investments along with External Commercial Borrowings (ECB), Investigations by Enforcement and much more.

Who Should Attend: – 

  • Procurement Personnel
  • Finance personnel
  • Head/Managers of Trade finance
  • Company Secretaries
  • General Counsel/Legal Counsel
  • Head/Managers of Regulatory Compliance

Thought Leaders:

  • PVR Rajendra Prasad
    Managing Director
    PnP Consulting Private Limited
  • Arti Narsana
    Of – Counsel
    Vaish Associates Advocates
  • Anup Vijay Kulkarni
    J Sagar Associate 
  • Kalpit Khandelwal
    Aekom Legal
  • Megha Saraf
    J Sagar Associates

Event Timelines

10:00 AM – 11:15 AM

Session 1: Foreign Direct Investments 

• Issue / Transfer of Securities

• Pricing

• Indemnity

• Convertible securities

• Right issue / Bonus issue / ESOP

• Downstream investments – retail, pharma, financial services etc.

11:15 AM – 12:30 PM

Session 2: External Commercial Borrowings (ECB)

• Revised Regime – 2019

• Routes of availing FCY ECB and INR ECB

• Eligible Borrowers and Lenders, Maturity period, End use restrictions

• ECB Liability/ Equity Ratio

• Guarantees/Security, Repayment and Refinancing

• Procedure and Compliance

• Trade Credits and Structured Obligation

• Other Instruments that require Compliance with ECB norms

12:30 PM – 01:30 PM

Session 3: Investigations by Enforcement Directorate / Compounding by RBI  

• Powers of ED / RBI 

• Foreign Currency Account by a person resident in India

• Investigation notices and Compliances 

• How to handle investigations 

• Procedure and Process

• Compounding fee / penalty that can be imposed

01:30 PM – 02:30 PM

Session 4: 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

02:30 PM – 03:30 PM

Session 5: Overseas Direct Investments by a person resident in India  

• Automatic vs. Approval route 

• Investment / financial commitment limits

• Issue of guarantee to overseas subsidiary / Wos

• Multiple investment companies outside India 

• Post investment changes 

• Disinvestment conditions and issues 

• Overseas Direct Investment by Resident Individuals 

• Compliance procedure and Process

Sorry, Event Expired

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