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Treatise on FEMA Law and Practice (2 Volume Set)

Treatise on FEMA Law and Practice (2 Volume Set)

  • ₹4,995.00

Out of Stock
  • Author(s): Dr. Dilip K Sheth
  • Edition: 3 Ed 2016
  • ISBN 13 9789350391624
  • Approx. Pages 3312 + Contents
  • Format Hardbound
  • Approx. Product Size 24 x 16 cms
  • Delivery Time Normally 7-9 working days

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An Exhaustive Commentary on The Foreign Exchange Managment Act,1999 with Rules, Regulations, Notifications, Master Circulars, Press Notes, Forms, Latest F.D.I Policy Circular
and Allied Statutes
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Description
The Foreign Exchange Regulation Act, 1973 (FERA) was enacted at a time when there was acute shortage of foreign exchange in our country and the main aim behind that Act was to restrict the outgo of foreign exchange from'India. The result was that it contained several draconian provisions to prevent loss of foreign exchange. With the growth of foreign trade and commerce and after the foreign exchange reserves (Forex) position of our country improved considerably in the wake of the enlightened policies initiated by Dr Manmohan Singh, it was felt by all, particularly by persons engaged in economics, foreign business and industries that several provisions of FERA had become unrealistic, anachronistic and were in fact having effect of stifling India's growth in international trade and development of Indian Industries. Eventually, this was accepted by the authorities and, after considerable deliberations, Foreign Exchange Management Act (popularly known as FEMA) was enacted in 1999. It came into effect from June 1, 2000.
The FEMA, although considerable improvement on FERA, is bound to bring, like all new measures, certain controversies and problems regarding interpretation. In the absence of any commentary on this subject, a commentary such as this which aims to state the law precisely and simply, is a welcome aid to understanding this new law. Mr Dilip K. Sheth is an accomplished author. He has written a good book on FERA which went through several editions. He has revised Sampath lyengar's "Law of Income-tax". He has also written a treatise on Consumer Protection Law. He is, therefore, eminently qualified to write on FEMA
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  Contents
Volume I
Chapter I Preliminary
Chapter II Regulation and Managment of Foriegn Exchange
Chapter III Authorised Person
Chapter IV Contravention and Penalties
Chapter V Adjudication and Appeal
Chapter VI Directorate of Enforcement
Chapter VII Miscellaneous
Volume II
Part    7    Master Circulars : 2015-16, dated 1st July, 2015
Part    8    Consolidated FDI Policy (Effective from 12 May, 2015)
Part    9    Press Notes
Part    10    Reserve Bank's Directions
Part     11   Euro Issue Guidelines & The Issue of Foreign Currency Convertible Bonds and
                 Ordinary Shares (through Depository Receipt Mechanism) Scheme, 1993 & Issue of
                 Foreign Currency Exchangeable Bonds Scheme, 2008
Part     12   Allied Act & Rules
Part     13   Notifications under FEMA
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