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This book provides complete and accurate information about all provisions of the Foreign Exchange Management Act, 1999 (FEMA). It also includes guidance on all practical issues faced by companies and FEMA professionals. Key features of this book are as follows: (1) [Topic-wise Commentary] on FEMA (2) [Analysis] with relevant Rules, Judicial Pronouncements, Circulars, Notifications and Master Directions issued by the Reserve Bank of India (3) Law Relating to the following (a) Prevention of Money Laundering Act (b) Foreign Contribution (Regulation) Act (c) COFEPOSA The Present Publication is the 17th Edition & amended up to 11th July 2022. This book is authored by Taxmann's Editorial Board. The coverage of this book is as follows: (1) FEMA – Overview (2) Authorised Person under FEMA (3) Account in India by Person Resident out of India (4) Accounts of Indian Residents in Foreign Currency (5) Receipt and Payment in Foreign Exchange (6) Realisation, Repatriation and Surrender of Foreign Exchange (7) Money Changing Activities (8) Money Transfer Service Scheme (MTSS) (9) Possession and Retention of Foreign Currency (10) Export and Import of Currency or Currency Notes (11) Remittances on Current Account (12) Liberalised Remittance Scheme (LRS) (13) Export of Goods and Services (14) Import of Goods and Services (15) Project Exports and Service Exports (16) Foreign Exchange Rates (17) Overview of Capital Account Transactions (18) Foreign Investment in India (19) FDI in Indian Company (20) Section Wise FDI Policy at a Glance (21) FDI – Downstream Investment, i.e. Indirect Investment (22) FDI through Rights, Bonus, Sweat Equity or Merger/Amalgamation (23) FDI – Transfer of Securities (24) FDI in LLP (25) FDI in GDR/ADR (26) Investment by NRI or OCI (27) FDI in Startup Company (28) Investment by Foreign Portfolio Investors (29) FDI in Investment Vehicle (30) FDI by FVCI (31) FDI – Investment in Securities by Funds, Foreign Central Bank, etc. (32) Investment by Indian Entity in JV/WOS Abroad (33) Guarantees (34) Insurance (35) Borrowing and Lending in Foreign Currency (36) Borrowing and Lending in Indian Rupees (37) Foreign Investment in Debt Instruments (38) External Commercial Borrowings (39) Trade Credit (TC) and Structured Obligations (40) Acquisitions and Transfer of Immovable Property in India (41) Acquisition and Transfer of Immovable Property out of India (42) Remittance of Assets (43) Branch/LO/Project Office in India by Foreign Entities (44) Indian Depository Receipts (45) Risk Management and Inter-Bank Dealings (46) VOSTRO Account of Non-Resident Exchange Houses (47) Industrial Policy of Government of India (48) Enforcement of FEMA (49) Penalties under FEMA (50) Appeals under FEMA (51) Compounding of Contraventions under FEMA (52) Prevention of Money Laundering Act (53) Foreign Contribution (Regulation) Act (FCRA) (54) COFEPOSA, 1974