Description
Taxmman Foreign Exchange Management Manual with FEMA and FDI Ready Reckoner by Taxmann's Editorial Board
Foreign Exchange Management Manual is the authoritative reference for India's foreign exchange law and practice, providing a comprehensive and up-to-date consolidation of the Foreign Exchange Management Act, 1999 (FEMA), along with all associated rules, regulations, notifications, master directions, and relevant laws. This Edition presents a two-volume set, meticulously updated to incorporate all amendments and regulatory developments, including the latest FEMA & FDI regulatory regime, compounding procedures, liberalised remittance, and capital account transaction rules. With practical section-wise notes, comprehensive digests of case law, and a dedicated FEMA & FDI Ready Reckoner, this Manual serves as the gold standard for professionals and institutions engaging in cross-border transactions, foreign investments, and compliance with Indian exchange control law
This book is intended for the following audience:
Chartered Accountants, Company Secretaries, Cost Accountants – For handling FEMA advisory, compliance, certification, due diligence, audits, and representation before authorities
Corporate Legal & Secretarial Teams, CFOs, Treasurers – For practical, transaction-level guidance on foreign investment, borrowing, repatriation, property acquisition, and regulatory reporting
Law Firms, Advocates, Consultants – For litigation, adjudication, appellate practice, enforcement, and case law research under FEMA, PMLA, FCRA, and allied laws
Banks & Financial Institutions – For managing forex transactions, NRI/OCI accounts, overseas investments, export-import finance, and compliance with RBI circulars
Multinational Companies & Start-ups – For structuring inbound and outbound investments, FDI/ODI compliance, and regulatory strategy
Academicians, Researchers & Students – For a comprehensive study of exchange control law, policy developments, and legal interpretations
The Present Publication is the 46th Edition | 2025, amended up to 15th June 2025. This book is edited/authored by Taxmann's Editorial Board, with the following noteworthy features:
[Annotated FEMA Text] Complete and updated text of FEMA and rules/regulations framed thereunder, with expert commentary and cross-references
[Comprehensively Updated] Integrates all statutory amendments, regulatory updates, and RBI/GOI policy changes up to 2025
[RBI Master Directions & Circulars] Full text and consolidated list of Master Directions, circulars, and clarifications from 2000 to 2025
[FDI, ODI, LRS Coverage] Detailed coverage of Foreign Direct Investment (FDI) policy, Overseas Direct Investment (ODI), Liberalised Remittance Scheme (LRS), and sector-specific rules
[Practical Guidance] Ready Reckoner covering all operative provisions on capital and current account transactions, export-import, borrowing, lending, property, NRI/OCI regulations, compounding, enforcement, and penalty mechanisms
[Case Laws Digest] Extensive, section-wise digest of Supreme Court, High Court, and Appellate Tribunal for Foreign Exchange (ATFE) decisions for nuanced interpretation
[Allied Laws & Procedures] In-depth inclusion of Prevention of Money Laundering Act (PMLA), Foreign Contribution (Regulation) Act (FCRA), FDI Press Notes, FEDAI Rules, Asian Clearing Union Rules, etc.
[Prescribed Forms & Notifications] Complete set of updated forms, notifications, and amending notifications for statutory compliance and procedural ease
[Authoritative and Reliable] The most trusted and cited resource for FEMA, FDI, and allied laws, relied upon by the profession, regulators, and courts
[Practical Utility] Equally valuable for day-to-day transaction compliance, advisory, audit, litigation, and strategic planning in foreign exchange and investment matters
The coverage of the book is as follows:
Volume 1
Annotated FEMA and all principal Rules, Regulations, and Notifications
Comprehensive listing and full text of all FEMA notifications, amending notifications, and RBI Master Directions
Memorandum of Instructions, RBI's operational guidelines
Complete law relating to Foreign Contributions (FCRA) and Prevention of Money Laundering (PMLA)
Foreign Direct Investments and allied acts/rules, including guidelines and circulars
Volume 2
FEMA & FDI Ready Reckoner – Concise, transaction-wise chapters on:
Liberalised Remittance Scheme (LRS)
Current & Capital Account Transactions
NRI/OCI account regulations
Borrowing, lending, ECBs, and foreign investments
Export-import rules and repatriation requirements
Property acquisition in India/abroad
Compliance for branches, liaison offices, and project offices
Penalties, enforcement, and compounding of offences
FEMA Case Laws Digest
Section-wise digests of all key judicial pronouncements under FEMA and FERA
RBI Circulars & Clarifications
Chronological, subject-wise, and full-text repository of all major RBI instructions and clarifications issued since 2000.
Appendices
Historical statutes, exchange control manual, FEDAI rules, and Asian Clearing Union procedures for advanced research
The structure of the book is as follows:
Logical Division – Spread over 15 Divisions across two volumes, each division devoted to a distinct aspect—FEMA legislation, rules, notifications, Master Directions, Memoranda, FCRA, PMLA, FDI policy, Tribunal/ATFE, practical reckoner, case law digest, and RBI circulars
User-friendly Navigation – Detailed subject index, alphabetical and chronological lists of rules/regulations, press notes, and notifications for quick reference
Practical Tools – Inclusion of all prescribed forms, application formats, and checklists for everyday compliance
Section-wise and Chapter-wise Arrangement – Ensures direct access to precise topics, be it legal provisions, procedural aspects, or regulatory FAQs