COMMENTS ON FEMA (FOREIGN EXCHANGE AND MANAGEMENT ACT

FEMA requires observation of its provisions in letter and spirit and if any contravention may land in penalties on the erring company and individuals. There are various conditions and stipulations in case of FDI , ODI , investment by individuals in foreign shares , purchase of assets in foreign countries , extending guarantees , availing ECBs , supplier's credit . In this column , I will discuss all intricacies and complications involving the interpretation of FEMA Act provisions in detail.

Thursday, December 29, 2016

MY FEMA SEMINAR AT MYSORE ICSI CHAPTER ON 2 DECEMBER 2016

ICSI , Mysore Chapter has organised a seminar on FEMA under the heading Compliance for Investment by NRI & Foreign Entities and Transfers on 2nd December 2016 at Mysore Chapter of ICSI.

It is really honour to receive a memonto from Mr Siva Kumar , Chairman of the ICSI -SIRC at Mysore on 2nd December 2016 at my FEMA Seminar at ICSI MysoreChapter .

I wish to thank the Mysore chapter present Chairman CS Bhansali M C, CS Ajay Madaiah B B, Mr Sunil Kumar , Mr Dhanapal and other participants who made the event as successful one.

Comments by Mr Sunil Kumar CS , Past President of ICSI Mysore Chapter

FEMA seminar was very useful . I never knew that lot of amendments have been implemented by RBI in FEMA. After attending the FEMA seminar at Mysore , I now understood the practical implementation on core issues under FEMA.