FEMA and Allied Economic Laws Manual (2 Vol Set) – Edition 2027

Description

FEMA and Allied Economic Laws Manual (2 Vol Set) by Dr. Rajeev Babel is a comprehensive reference work covering the Foreign Exchange Management Act, 1999 (FEMA) along with important rules, regulations, Master Directions, prescribed forms and major allied economic laws.

The 2027 Edition is presented in two comprehensive volumes spanning 2,104 pages and brings together FEMA and its regulatory framework with other important legislation concerning foreign contribution, foreign trade, prevention of money laundering, conservation of foreign exchange and related economic matters.

The FEMA portion begins with the evolution of India’s foreign exchange law from the control-oriented FERA regime to the management-based FEMA framework. It then provides detailed coverage of the provisions of FEMA, including preliminary provisions, regulation and management of foreign exchange, authorised persons, contraventions and penalties, adjudication and appeals, Directorate of Enforcement and miscellaneous provisions.

A major strength of the book is its extensive compilation of FEMA Rules, Regulations and RBI Master Directions. The contents include the Non-Debt Instruments Rules, Overseas Investment Rules, Compounding Proceedings Rules and numerous FEMA Regulations dealing with foreign currency accounts, deposits, borrowing and lending, overseas investment, debt instruments, cross-border mergers, export and import of goods and services and guarantees.

Key Features

• Comprehensive coverage of the Foreign Exchange Management Act, 1999 (FEMA)
• FEMA Rules, Regulations, Master Directions and prescribed Forms
• Discussion on the transition from FERA to FEMA
• Section-wise commentary on important FEMA provisions
• Coverage of Contraventions, Penalties, Adjudication, Appeals and Enforcement
• FEMA Non-Debt Instruments Rules, 2019
• FEMA Overseas Investment Rules, 2022
• Foreign Exchange (Compounding Proceedings) Rules, 2024
• Regulations relating to Foreign Investment, Borrowing & Lending, Deposits, Foreign Currency Accounts and Overseas Investment
• Regulations concerning Export & Import of Goods and Services, 2026
• FEMA (Guarantees) Regulations, 2026
• Extensive RBI Master Directions covering foreign investment, ECB, overseas investment, LRS, deposits, reporting, import/export and other forex matters
• Coverage of Foreign Direct Investment (FDI) Policy
• FEMA-related FAQs and practical regulatory material
• Judicial interpretations and important case law incorporated across FEMA provisions
• Useful reference material including glossary, important websites, cases cited and section-wise comparison of FERA and FEMA

Contents at a Glance

Volume I – FEMA

Volume I starts with the FEMA Act and section-wise commentary and then covers the extensive Rules, Regulations, RBI Master Directions, FDI Policy and FAQs.

Volume II – Allied Economic Laws

Volume II begins with FCRA and its prescribed forms, followed by Foreign Trade laws, COFEPOSA, SAFEMA and PMLA.