Foreign Exchange Facilities For Individuals

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Description
The book is designed to provide guidelines and information regarding
facilities available to individuals under FEMA. The book covers the following areas:
• Introduction to Foreign Exchange Management Act 199
• Remittances
• Foreign Currency Accounts for Residents
• Foreign Currency Accounts for Non-residents
• Investments
• Borrowings by non-resident Indian individuals
• Compliance/non-compliance with provisions of FEMA 1999
The book incorporates the latest guidelines of Reserve Bank of India on the subject.
The book will be useful to the bank personnel - dealing with
foreign exchange and NRI segment - besides academicians.
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Contents
PART -1 Introduction to Foreign Exchange Management Act 1999
1.  Evolution of FEMA
PART - II Remittances
2.  Inward Remittance
3.  Money Transfer Services Scheme (MTSS)
4.  Foreign Contribution Regulation Act 2010
5.  Outward Remittances
6.  Internet and Web Services
7.  Indo-Nepal Remittance Scheme
8.  Liberalized Remittance Scheme
9.  Miscellaneous Provisions Relating to Remittances
PART - III Foregin Currency Accounts For Residents
10. Exchange Earner's Foreign Currency Accounts (EEFC Accounts)
11. Resident Foreign Currency Accounts (RFC Accounts)
12. Resident Foreign Currency (Domestics) Accounts
PART - IV Foreign Currency Accounts For Non-Residents
13. Various Schemes Available to NRI and Procedures for
       Opening Non-Resident Accounts
14. Non-Resident External (NRE) Rupee Accounts
15. Foreign Currency Non-Resident (FCNR) Account (Banks) Scheme
16. Non-Resident Ordinary Rupee (NRO) Accounts Scheme
Part - V Investments
17. Investment Opportunities Abroad for Residents
18. Investment Avenues Available to Non-Residents in India
Part - VI Borrowings
19. Borrowings by Non-Resident Indian Individuals
Part - VII Compliance/Non-Compliance With Provisions of FEMA 1999
20. Compounding Provisions of Contraventions Under FEMA 1999
21. Case Studies on FEMA
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Author Details
Indian Institute of Banking & Finance (formerly The Indian Institute of Bankers)
established in 1928, is professional body of banks, financial institutions
and their employees in India. During its 84 years of service, IIBF has emerged
as premier Institute in banking and finance education for those employed in
the sector, aiming for professional excellence. Since its inception, the Institute
has awarded over 5.84 lakh banking and finance qualifications, viz; JAIIB, CAIIB
, Diplomas and certificates in specialised areas. The pedagogy of Distance
learning offered by the Institute comprises (i) publishing specific courseware
for each paper/examination; (ii) publishing work books; (iii) holding tutorials
through accredited institutions; (iv) organizing contact classes; (v) conduction
virtual classes; (vi) offering e-learning through portal; (vii) organising
campus training for selected courses etc.
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