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# 1.1.Basics of Foreign Exchange Management Act, 1999 (FEMA,1999) (1)

# 1.1.Basics of Foreign Exchange Management Act, 1999 (FEMA,1999) (1)

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DAY 1.pdf

Topic to be discussed

1

Purpose, History and need of the Act

2

Framework of the Act

a

The Act

b

The Rules

c

The Regulations

d

Master Directions

e

AP DIR Circulars

f

Foreign Direct Investment Policy

g

Press notes

3

Discussion on the Act and important sections

4

Brief about all the rules, Regulations, notifications

5

Different entities under FEMA, 1999

a

Residents

b

Nonresidents/OCIs/PIOs

c

Indian Party

d

Indian Entity

e

Person resident outside India and others

6

Residential Status under FEMA

a

Individual

b

Office

c

Company

d

Extra territorial Jurisdiction

7

Regulatory Authorities under FEMA

8

Obligations and responsibility of AD Banks

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