Introduction to Foreign Exchange Management Act 1999

Overview:

Lawflu has organized a Certification on “Foreign Exchange Management Act, 1999” to strengthen knowledge of cross-border trade and foreign investment in India. We all know that after Liberalization in 1991, channels were opened to engage in trade with foreign business. This step not just enabled small and basic exports but also helped exchange technology, world class products and establish Multi-National Companies boosting our economy and financial status. In fact, in the 21st century, the culture of Foreign Investments has significantly increased especially in India.

 

Thus, to ensure that the citizens fairly enter into contracts and investments, we are here with a certification on FEMA, facilitating not just Law Enthusiasts but any common man to be in touch with points of Foreign Exchange, contracts, penalties, regulatory authorities, rules and regulations and much more.

 

Outline:

Module 1: Overview

Module 2. Applicability of FEMA Act

Module 3: Current and Capital Account Transaction

Module 4: Regulation and Management of Foreign Exchange

Module 5: Contravention and Penalties

Module 6: Adjudication and Appeal Under FEMA

Module 7: Difference between FERA and FEMA

Examination and Certification

 

Key Takeaways:

After this course, viewers will be able to 

  • Understand basics of FEMA, preamble and its scope.
  • Know the applicability of FEMA, features and objectives.
  • Get an insight on rules governing Capital Account and Current Account Transactions.
  • In depth understanding of Regulation and Management of Foreign Exchange
  • Become aware about Contravention, Penalties, Adjudication and Appeal Under FEMA.

Clearly differentiate between FERA and FEMA.

Online Assessment: 

  • Minimum 40% marks are required to pass the subject
  • Only 1 attempt is valid 

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