FEMA 2000. FERA was passed in 1973 to regulate the foreign exchange transactions. In the light of economic liberalisation, some changes were made in 1993.

Slides:

Advertisements

Similar presentations

1 Reserve Bank of India Compounding of contraventions under FEMA, 1999 By Neeta Behramfram.

Advertisements

Balance of Payments Contents Introduction Components of balance of Payments.

Reserve Bank Of India To regulate the issue of bank notes. To maintain reserves with a view to securing monetary stability. To operate the credit & currency.

WHAT IS “FOREX ?”.

Compounding of Contraventions under FEMA, 1999 (Updated till 22 nd Oct 2013)

PRIVATE PLACEMENT CS Vasudeva Rao Devaki D V Rao & Associates

Current challenges facing PNG in the international economy Paul Flanagan Development Policy Centre Australian National University.

The International Flows of Goods and Capital International trade in goods and capital increase consumption possibilities beyond production possibilities.

International Economics International Economics concerns the flow of commodities, services, and productive factors (capital and labor) across national.

Foreign Exchange and Currencies Economics 71a Spring 2007 Mayo, Chapter 6 (skim) Lecture notes 2.6.

Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. CHAPTER 14 Balance of Payments Fundamentals.

Looking at the flow of money in and out of countries around the world.

K.K. Jindal, Managing Director, Global Management services New Delhi FOREIGN EXCHANGE MANAGEMENT ACT.

External Sector Econ 102 _2015. External Sector How is a country linked with other countries in the global world? 1)There are exchange of Goods and Services.

38 The Balance of Payments, Exchange Rates, and Trade Deficits McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Room No.6, 4 th Floor, Commerce House 2A, Ganesh Chandra Avenue, Kolkata Connect : (033) ; (033) ;

Export Promotion Capital Goods Scheme [ EPCG ] Foreign Trade Policy Hema Desai Financial Controller Bellpepper Animation Pvt. Ltd.

External Sector Econ 102 _2013. External Sector How is a country linked with other countries in the global world? 1)There are exchange of Goods and Services.

BALANCE OF PAYMENT by Shalini. Trade: Exchange of goods and services with other nations. Export Goods and services sold to other countries Import Goods.

A clearing system on multilateral basis  offsets the debits and credits accumulated by each member  facilitates the use of national currencies  eligible.

FERA TO FEMA. Objectives To facilitate external trade and payments To promote the orderly development and maintenance of foreign exchange market.

Balance of Payments : When American citizens and firms exchange goods and services with foreign consumers and firms, payments are sent back and forth through.

Foreign Exchange Management Act, 1999 Subject: International Financial Management Prepared by: Meeta Sondagar (Roll no. 29) & Mittali Shah (Roll no. 27)

Types of trade  Getting started P160 i. Visible trade = international trade in goods → balance of trade or visible balance = visible exports (X) – visible.

Foreign Trade (Development and Regulation) Act, 1992  Chapter I - Preliminary  Chapter II- Power of Central Govt to make orders and announce Export and.

Compounding of Contraventions Mr. Ashish Foreign Exchange Department RBI, Ahmedabad.

Financial System The financial system in a country refers to the institutional framework existing to enable financial transactions to be carried out in.

FOREIGN EXCHANGE MANAGEMENT ACT, 1999

Immovable Property Residents can hold immovable property abroad if acquired as a NR or inherited from a NR No more holding permission for NR holding immovable.

Banking Legislation In India BANKING REGULATION ACT 1949 The Banking Regulation Act 1949 as amended up to date contains the following five parts :- Part.

India – USA Comparison Sr. No. ParticularsIndia US$ B USA US$ B Imports Exports Services – Net Current Account Deficit Foreign Exchange.

FEMA Dr. RAJ AGRAWAL. Foreign Exchange The market intermediaries of foreign exchange market include: – Exchange Banks dealing in Foreign Exchange – Bill.

The Dynamic Environment of International Trade Chapter 2 Matakuliah: J0474 International Marketing Tahun: 2009.

BANKING REGULATION ACT,1949 & THE BANKING OMBUDSMAN SCHEME,1995.

Chapter 12 International Linkages Introduction National economies are becoming more closely interrelated Economic influences from abroad have effects.

Foreign Trade (Regulation) Rules, 1993 Sec 1 Short title and commencement Sec 2 Definitions Sec 3 Grant of special licence  Where any IEC no is cancelled.

INDIA’S OVERSEAS INVESTMENTS A Case Study Ketaki Bhirdikar Pushkar Borse Nupur Khanna Shantala Samant.

Workshop On Financial Sector Assessment Programme Hyderabad 29 th December, 2010 DVS Ramesh.

By Dr.P.Saradhamani Dept.of MBA.  Statutory Basis for Exchange Control  The Foreign Exchange Regulation Act, 1973 (FERA 1973), as amended by the Foreign.

Meaning Stock exchange is an organised and regulated market for trading in various securities issued by companies and other institutions.

Balance of Payments Current Account (NX) –Export-Import & Investment Income Capital Account –Foreign purchase of US assets – U.S. purchase of foreign assets.

External Sector Econ 102 _2013. External Sector How is a country linked with other countries in the global world? 1)There are exchange of Goods and Services.

Balance of Payments Dr. Raj Agrawal. Part I Balance of Payments Accounting.

REGULATORY FRAMEWORK. Mission and objectives of SEBI Securities & Exchange Board of India (SEBI) formed under the SEBI Act, 1992 with the prime objective.

CURRENCY APPRECIATION & DEPRECIATION BALANCE OF PAYMENTS Foreign Exchange Markets.

CORPORATE TAXATION IN INDIA AN OVERVIEW. Contents 1.PAN (Permanent Account Number) 2.TDS (Tax Deduction at Source) 3.Corporate Tax 4.Sales Tax 5.Service.

(new)The Competition Act. The Competition Act 2003 & 2007 The Competition bill was passed by both the houses of Parliament in December 2002, and The President.

External Sector Econ External Sector How is a country linked with other countries in the global world? 1)There are exchange of Goods and Services.

CHAPTER - 2. BALANCE OF PAYMENT The Balance of Payment is the system of accounts that records a nation’s international financial transactions ( constant.

Foreign Exchange Regulation Act (FERA), 1973

The Balance of Payments & Exchange Rates. Balance of Payments The total of all economic transactions between a nation and the rest of the world Credits-

Time and Value of Supply

Exchange 12/ 02 / 09 Exchange of goods and services

Meaning Stock exchange is an organised and regulated market for trading in various securities issued by companies and other institutions.

Foreign Exchange & Balance of Payments

UNIT – II Buy-back of Shares

The International Flows of Goods and Capital

Capital Flows and the Balance of Payments and The Foreign Exchange Market Lesson 39 Sections 41, 42.

Types of Banks: The following are the various types of Banks:

International Economics The Foreign Exchange Market

International Economics

Saving and Investment in the Open Economy

Foreign Exchange Management Act, 1999

The Balance of Trade and Balance of Payments

TABLE 15.1 Exchange Rates. TABLE 15.1 Exchange Rates.

Reserve Bank of India.

The Balance of Payments, Exchange Rates, and Trade Deficits

CHAPTER TEN BANKER’S ACCEPTANCE.

Shopping and Money.

FOREIGN DIRECT INVESTMENT

Presentation transcript:

FEMA 2000

FERA was passed in 1973 to regulate the foreign exchange transactions. In the light of economic liberalisation, some changes were made in But still there was a lot of demand for modifications to FERA Finally FEMA came into effect from Janaury 1, 2000

Objectives To facilitate external trade and payments To promote the orderly development and maintenance of foreign exchange market

Provisions of Act Dealing in foreign Exchange (SEC 3) Holding of Foreign Excahnge (SEC 4) Current account transactions(SEC 5) Capital account transactions(SEC 6) Export of goods and services(SEC 7) Realisation and Repatriation(SEC 8)

Exemption in certain cases (SEC 9) Authorised Person (SEC 10) Reserve banks powers to issue directions to Authorised Person (SEC 11) Power of Reserve bank to India to inspect authorised person

Penalties (SEC 13) Any person who contravenes any provision of the act shall be liable to pay a penalty upto thrice the sum involved if the sum if quantifiable and upto 2 lakhs when the sum is not quantifiable. If any person fails to make full payment of penalty imposed on him with in 90 days, he shall be liable for imprisonment (under SEC14)