FEMA Regulations & Foreign Investments Masterclass

Technical Session 1: Foreign Exchange Management Act 1999

• An Introduction to FEMA Legislation
•  FEMA Structure
• Types of Transaction
• Residential Status
•  Recent Amendments

Inbound Investments: LO/BO/PO

• Who can set up
• Routes
•  Permissible Activities
• Bank Accounts and Repatriation of Profits
• Criteria of considering Permission by RBI
•  Documents to file
•  Expansion/Additional Activity
•  Closure
•  Case Studies

Technical Session 3: Foreign Direct Investments

•  Entry Routes and eligible Entities
• Sectoral analysis (Restricted, Prohibited & Permitted)
•  Eligible Instruments for Investment and pricing
•  Reporting and Remittance
•  Enforceability of Share Transfer Restriction
     - Regulatory Background and Past challenges
   - Recent Developments
  - Issues from FDI Perspective
•  Recent Key Changes from Consolidated FDI Policy 2015

Recent Key FDI Reforms

Indirect Foreign Investments

• Downstream Investments
• Transfer of Shares
• Round Tripping

Case Study Analysis

Technical Session 2: Outbound Investments

•  ODI regulations- Investment Routes
• Eligible Investors and General Prohibition
• Direct Investments Abroad by                - Corporates & Registered Partnership           Firms
    - Individuals
• ODI by Trust and Societies
• Funding Mechanism
•  Valuation and Compliances
•  Restructuring of Investments
•  Exit
• Liberalized Remittance Scheme                
  
  Case Study Analysis

Technical Session 4: External Commercial Borrowings

• Routes of availing ECBs
• Eligible Borrowers and Lenders
• Permitted and Prohibited End Use
• Guarantees/Security
• Repayment and Refinancing
• Parking of ECB Proceeds Overseas
• Conversion of ECB into Equity
• Procedure and Compliance
• Structured Obligation
• Other Instruments that require Compliance with ECB norms