Guide to NRIs and PIOs (Non Resident Indians and Persons of India Origin) - Policies, Procedures and Taxation

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 Description
It gives us immense pleasure in bringing out the Seventh edition of Guide to NRIs & PIOs. The Book is a comprehensive and clear introduction to the principles, policies and procedures relating to NRIs/PIOs and Non¬residents under the Foreign Direct Investment Policy of the Ministry of Industries of the Government of India, Reserve Bank of India's Regulations under Foreign Exchange Management Act, 1999 and relevant provisions of Taxation applicable to NRIs/PIOs and Non-residents. The book is providing clarity and offers practical in-depth topical commentary identifying the key requirements of each relevant provision of the Reserve Bank of India, Ministry of Industries and other various departments. The present edition is a combination of the theoretical, practical issues and has been comprehensively compiled by subject wise grouping of all the relevant rules, circulars, notifications, guidelines and regulations in the concerned Parts/Chapters of the Book with a view to identifying them easily in a simplified way which is very useful for  NRIs/PIOs/Non-residents and FIIs, corporate as well as their consultants. This book contains special coverage of the FDI policy issued by the Ministry of Industries and the Taxation impact. It also covers one part related to the Foreign Direct Investment in the Limited Liability Partnership which shall be definitely helpful for the NRIs/PIOs/FIIs to ascertain their tax liability and exemptions available to them and various rules and regulations applicable to LLPs in respect of RBI.This book also covers the recent decisions which are being taken by the Central Government related to approval of Single Branding in FDI and many changes that have occurred during the course.
This book also contains indepth knowledge for the persons who have regular dealings in the RBI and FEMA.
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Contents
Part I  : Introduction & Background Material
part II : Status of Resident
Chapter 1 :  Status of Resident
Part III : Foreign Direct Investment Policy in India
part IV  : Deposits and Bank Accounts
Chapter 1 :    Deposits
Chapter 2 :    Non-resident Ordinary Rupee Account
Chapter 3 :    Non- resident (External) Rupee Account
Chapter 4 :    Foreign Currency Non- resident Account
Chapter 5 :    SNRNR Account
Chapter 6 :    Acceptance of Deposits by Companies, etc.
Chapter 7 :    Acceptance of Deposits by Firms, etc. on Non repatriation Basis
Chapter 8 :    Deposits in Foreign Currency Accounts Outside India of Proceeds of
                        ECBS/ADRS/GDRS
Chapter 9 :  Escrow/Special Accounts by Non-resident Corporates for Open
                     Offers/Delisting/Exit Offers
Chapter 10 :  India Millennium Deposits (IMDS)
Chapter 11 :  Rupee/Foreign Currency Vostro Accounts of Non resident Exchange Houses
Chapter 12 :  Guidelines Relating to Accounts of Non – Resident Banks and FAQ
Part  V : Foreign Currency Transactions Accounts
Chapter 1 :    Capital Account Transactions
Chapter 2 :    Current Account Transaction
Part VI :  Investment in Shares and Securities
Chapter 1 :    Issue of Security in India by a Branch, Office or Agency of a Person Resident
                        outside India
Chapter 2 :    Transfer or Issue of Security by a Person Resident outside India under the
                        Foreign Direct Investment Policy
Chapter 3 :    Investment Schemes in shares and securities Other than FDI Policy
Chapter 4 :    Other Provisions Relating to Investments in Shares
Part VII : Investment in Firm or Proprietary Concern in India
Part VIII : Overseas Corporate Bodies (OCBS)
Part IX   : Borrowing and Lending
Chapter 1 :    Borrowing & Lending in Indian Rupee
Chapter 2 :    Borrowing & Lending In Foreign Currency
Part X : Establishment of Branch or Liaison or Project Office or Other Place
              of Business in India
part XI : Acquisition and Transfer of Immovable Property
Chapter 1 :    Acquisition and Transfer of Immovable Property Outside India
Chapter 2 :    Acquisition and Transfer of Immovable Property in India
Part XII :  Insurance
part XIII : Status of Person Returning to India
part XIV : Remittance of Assets
part XV : Repatriation
part XVI : Manner of Receipt and Payment, Export, Import, Realisation, Repatriation,
                Surrender, Possession, Retention Realisation of Demand Drafts and Cheques,
                in Foreign Currency, etc.
Chapter 1:     Receipt and Payment in Foreign Exchange
Chapter 2 :    Export and Import of Currency
Chapter 3 :    Realisation, Repatriation and Surrender of Foreign Exchange
Chapter 4 :    Possession and Retention of Foreign Currency Regulations
Chapter 5 :    Encashment of Drafts and Cheques
Part XVII  :  PIO, OCI, International Credit and Debit Cards
Chapter 1 :    PIO and OCI Card
Chapter 2 :    International Credit Cards (ICCs) International Debit Cards (IDCs) / Store
                     Value Cards/Change Cards/Smart Cards
Part XVIII  :  Foreign Investment in Limited Liability Partnership in India
Part XIX :  Adjudication Proceedings and Appeal, Authentication of Documents
                  and Compounding
Chapter 1 :    Adjudication Proceedings and Appeal
Chapter 2 :    Authentication of Documents
Chapter 3 :    Compounding Proceedings
Part XX : Taxation of NRI
part XXI : FEMA and Allied Acts
Chapter 1 :    The Foreign Exchange Management Act, 1999
Chapter 2 :    The Foreign Contribution (Regulation) Act, 1976
Chapter 3 :    The Foreign Contribution (Acceptance or Retentions of Gifts or
                       Presentations) Regulation, 1978
Appendix 1   Compounding of Contravention under FEMA, 1999
Appendix 2  Foreign Investments in India
Appendix 3   Features of various Deposit Schemes available to Non-resident Indians
                     (NRIs)
Appendix 4   Facilities for Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs)
Appendix 5  Account Opened by Foreign Nationals and Foreign Tourists
Appendix 6   List of NRIs Commissioners
Appendix 7   List of State Nodal Agencies
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Author Details
Dr. D.K Jain, M.com, FCS, ACIS (UK), Ph.D. is a Practicing Company Secretary, engaged in the practicing field of Company Law, SEBI and Stock Exchange compliances. He has more than 27 years of practical experience in corporate laws and has been in the profession of
Company Secretary for over 20 years. Dr. Jain is having international professional qualification of Chartered Secretary from the  Institute of Chartered Secretaries and Administrators (UK) and is a Fellow Member of the Institute of Company Secretaries of India. He has completed research work on Generally Accepted Accounting Principles and its effect on final accounts ( a comparative study of GAAP of India, UK and USA) and is also a Member of the Indian Council of Arbitration and an Associate Member of the All India Management Association. Dr. Jain has authored several books for professionals on various topics of Company Law (including Company Law Ready Reckoner, Company Law in Four volumes) and Corporate Secretarial Practice. He having keen interest in academics and is a regular contributor of articles on various corporate matters in newspapers and professional journals and was member of the Editorial Board of monthly bulletin Focus  and Research and Public Committee of the Western India Regional Council of the Institute of Company Secretaries of India and a member of the Management Committee of the CCGRT of the ICSI.
Mr. Ishan Jain, a young and dynamic, is just having an age of 27 years and is an associate member of ICSI and pursing C. A. (Final). He completed his articleship of C.A with a leading CA Firm. He has also co-authored the book Guide to Private Limited Company. He is having good experience in the field of FEMA as Well as in the fields of Audit, Taxation and Legal Compliances relating to Registrar of Companies while working in his articleship period.
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