FEMA & Rupee Convertibility

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Course Highlights:

SIFL FEMA & Rupee Convertibility Program is focused on the Foreign Exchange Management Act (FEMA) and the journey of Rupee from Partial Convertibility to Full Convertibility. The program also deals as to the necessity of the move from Foreign Exchange Regulation Act (FERA) regime to Foreign Exchange Management Act )(FEMA) regime.

Benefits of the Programme:

  • The program aims to impart the ever evolving regulations on FEMA for the Trade Finance teams.
  • The program will help the teams understand the necessity of replacing FERA with FEMA and changes brought in by FEMA over FERA.
  • The teams can understand in depth the advantages and disadvantages of FEMA vis-à-vis FERA.
  • The teams shall understand the Convertibility of Currency with specific reference to Indian Rupees.
  • Journey of the Indian Rupee from Non-convertible to Partial Convertible and further to Full Convertibility.
  • Pros & cons of the Partial and Full Convertibility of Indian Rupee.

Who Should attend?

  • All Officers aspiring to join the Trade Finance Teams
  • Corporate Treasury Teams
  • Trade Finance Sales Teams
  • Audit, Inspection & Corporate Compliance teams

Course deliverables:

  • Registration to SIFL Learning Platform
  • Course study material prepared by experts( Both print & soft copy)
  • Online Lectures by experts with hands on experience in handling FEMA & Rupee Convertibility
  • Pre Training Assessment
  • Post Training Test
  • SIFL Certification upon completion of training program

Customised Training:

Our training programs may be customized to meet the specific training and development solutions that match the needs of an organization and teams. Training courses can be delivered onsite, online or through a blended learning approach.

Programme- FEMA & Rupee Convertibility

  • Introduction to FERA & FEMA.
  • Main features of FEMA & the Authorities under FEMA guidelines.
  • Comparison of provisions of FERA vis-à-vis FEMA
  • Penal Provision under FEMA vis-à-vis FERA
  • Pros & cons of FERA & FEMA
  • Understanding the convertibility of a Currency- Non-convertible, Partially & Fully convertible.
  • Status of convertibility with reference to Indian Rupee & future of Indian Rupee.
  • Current Account vs. Capital Account convertibility
  • Advantages & Disadvantages of convertibility Partial vis-à-vis Full conversion with specific reference to Indian Rupee.
  • RBI regulations on FDI & FPI. FDI Process. FDI vs. FPI. Prohibited sectors for FDI
  • FIFP & FIRMS portals for Foreign Investments
  • Types of FDI- Horizontal, Vertical, Conglomerate & Platform. FDI Registration- Entity User & Business User
  • FDI Filing- FC-GPR, FC-TRS, LLP, DRR etc
  • FDI Limit- Excess /shortfall due to exchange fluctuations
  • FPI Guidelines for Registration to DDPs
  • KYC- Documents, UBO, Periodic Review & Data Security
  • FPI Investment Conditions- Limits- Investor Group/Aggregate Level, Off Market Transfers, Short Sale, Investments in REITS, Invlts & AIFS.
  • Offshore Derivative Instruments (P-notes)- Conditions, KYC & Reporting of ODIs (P-notes),
  • Guidelines for Foreign Investors to participate/function in the International Financial Service Centre
  • RBI Regulations on Overseas Investments (OI)
  • ODI- Definition, Application for ODI. Investment in ODI, Investments through SPV, Funding sources. ODI Prohibited sectors
  • ODI through Joint Ventures/Wholly Owned Subsidiaries. Automatic route for ODI. Limits for ODI under automatic route
  • Indian Subsidiary Vs Overseas Entity- Net worth
  • Overseas Portfolio Investment (OPI)-Investments opportunities
  • Types of instruments, RBI Guidelines & Benefits of OPI
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Programme Director

Mr. Anil Jain

Mr. Anil Jain is the former Asstt. General Manager of Bank of Baroda. He is a veteran banker with extensive experience in retail banking, financial markets, and treasury operations in India and abroad.