Achromic Point

Description

Achromic Point brings this highly Interactive Masterclass on Foreign Exchange Management Act on 31st January 2024 discussing the Overview of Foreign Exchange Management Act, FEMA and Residential Status, External Commercial Borrowings (ECB) and Other Concepts 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

Agenda:

10.00 AM – 11.15 AM

Session 1:

• Overview of Foreign Exchange Management Act

• • Basic Fundamentals relating to Residential Status
  • Other Key Definitions – Capital and Current Account Transactions, Import and Export transactions
• Foreign Direct Investment and Related Aspects
• • FDI: Direct Equity in Company and LLP
  • Foreign Institutional Investment
  • FPI, Downstream Investments
  • FDI and Partnership Firm, Proprietorship on repatriation /non repatriation basis • Secretarial Auditor’s Responsibility from a FDI perspective.

11.15 AM – 12.30 PM

Session 2:

• FEMA and Residential Status

• FEMA for NRIs

• • Facilities and Obligations
  • Buying Immovable Property in India
  • Remittance facilities for NRIs

• FEMA for RIs

• • Liberalised Remittance Scheme
  • Buying Immovable Properties Outside India
  • Foreign Currency Accounts in India and Outside India Acquisition of foreign security
  • Facilities for returning Indians
  • Facilities for Person Resident but Not Ordinarily Resident.

12.30 PM – 01.15 PM

Lunch Break

01.15 PM – 02.30 PM

Session 3:

• External Commercial Borrowings (ECB) and Other Concepts

• • Borrowing and Lending in Indian Rupees and External Commercial Borrowing, Trade Credits, Guarantees • Compliances, Monitoring & Reporting
  • Secretarial Auditor’s Responsibility from a ECB perspective”
  • 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

• Overseas Direct Investment

• • Outbound Investment (Overseas Investment in LLC, INC., PTY etc.)
  • Setting Up Trading Offices, Non-Trading Offices Overseas.
  • Secretarial Auditor’s Responsibility from a ODI perspective.

• Setting up of Liaison Office/Branch Office/Project office in India- FEMA and Companies Act
• Compliance, Monitoring and Reporting

02.30 PM – 04.00 PM

Session 4:

• Compliances, Contravention, Compounding, Adjudication and Penalties under FEMA along with Case Studies

• • 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

Thought Leader:

• Shreyas Jayasimha
  Advocate & Founder
  Aarna Law
• Jayasimha Pasumarti
  Director – Investment Banking
  JPR Capital
• Hardik Mehta
  Hardik D Mehta & Co. Chartered Accountants
• Manish K Tyagi
  Partner
  MHA Legal