Cross Border Remittances – A FEMA Perspective


Date and Time:

December 9, 2022 10:00 AM - 2:45 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 9th December 2022 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
  • Archana Balasubramanian
    Agama Law
  • Abhishek Agarwal
    Associate Partner
    Vaish Associates, Advocates
  • Mital Patel
    Associate Director – Direct Tax

Event Timelines

10.00 AM- 11.15 AM

Session 1: FEMA and FDI Policy

o Capital Account Transactions

o Current Account Transactions

o Downstream Investments

o Liberalised Remittance Scheme

o Pricing of Convertible Instruments

o Shares against Non Cash considerations ¬ Escrow Accounts

o Pledge of Shares

o Other Latest Issues 

o FDI by NRI

 Rules of investment by NRI

 Concepts of NRI, OCI, and PIO

 Types of Accounts that NRI’s can open

 Remittances out of India

11.15 AM- 12.15 PM

Session 2: External Commercial Borrowings / Outbound Investments 

o Impact Of RBI’s Overseas Investment Rules

o Compliance, Procedures and Compounding under FEMA – FDI, ODI, ECB and Trade Credits, Current Account and Capital Account Transactions Multi layered SPVs holding Structures 

o ¬ Guarantees to Step – Down Joint Ventures / Wholly Owned Subsidiaries 

o ¬ Disinvestment with / without write off ¬ Round tripping

o Other latest issues 

12.15 PM- 01.30 PM

Session 3: Investigations by Enforcement Directorate/ Compounding by RBI

o Powers of ED/RBI

o Foreign Currency Account by a person resident in India

o Investigation notices and Compliances

o How to handle investigations

01.30 PM- 02.45 PM

Session 4: Contemporary Tax Dynamics 

o Impact of TP Developments

o Transactional Documentation: Revenue’s Approach

Sorry, Event Expired

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