4th Annual FEMA Regulations & Foreign Investments Masterclass (Mumbai)

In the light of economic reforms and the liberalised business scenario in the country, the Foreign Exchange Management Act (FEMA) was introduced in India in 1999 which emerged as an investor friendly legislation. This act relaxed foreign exchange restrictions resulting in significant flow of investments into India over the years making it one of the most lucrative FDI destinations in the world. On the other hand Indian businesses have also been very aggressive in making investments overseas. Such rising inbound and outbound investments make it crucial to understand those regulations that govern such capital inflows and outflows. All transactions involving foreign exchange fall under preview of Foreign Exchange Management Act (FEMA) read with FDI policy.

On 7 November 2017, the Reserve Bank of India (RBI) issued Foreign Exchange Management (Transfer and Issue of Security by a Person Resident Outside India) Regulations, 2017 (New FEMA 20) to replace the Foreign Exchange Management (Transfer and Issue of Security by a Person Resident Outside India) Regulations, 2000 (Old FEMA 20) and the Foreign Exchange Management (Investments in Firms or Proprietary concern in India) Regulations, 2000 (FEMA 24).  New FEMA 20 consolidates Old FEMA 20 and FEMA 24. The New FEMA 20 eliminates several redundancies and clarifies a plethora of interpretational issues that plagued old regime.

Also in June 2018, the Reserve Bank of India (RBI) has issued two important circulars with the aim of simplifying reporting under the Foreign Exchange and Management Act, 1999 (FEMA).


CorpKonnect’s full day workshop on FEMA Regulations and Foreign Investments will identify and throw light on various issues related to FEMA compliances and investments into and from India.


Benefits of attending:

  • Know the regulations of Foreign Exchange Transactions
  • Understand the critical aspects related to Inbound and Outbound investments
  • Gain insights on how to set up business in India
  • Learn the important aspects of external commercial borrowings
  • Know the latest changes in the New consolidated FDI Policy

 
Who should attend:

  • CFOs
  • Company Secretaries
  • Finance and Accounts Executives
  • Corporate/General/In-house Counsel
  • Commercial and Investment Bankers
  • Foreign Exchange Dealers
  • Chartered Accountants
  • HNIs
  • Investment Trusts

Session 1: FDI Policy - Latest Changes and Emerging Issues

  • Policy Framework
  • Overall view of FDI Policy 2018 - Latest Changes

Master Directions on Foreign Investments and Reporting

  • FDI vs FPI Investments
  • Pricing ambiguity regarding listed securities
  • Downstream Investments


The new Reporting requirements


Transfer of Shares: 
FEMA Notification No. 20(R)/ 2017-RB – Latest Changes

  • Intricate Issues in Transfer of Share
        - Resident to Non-Resident
       - Non-Resident to Resident
      - Non-Resident to Non-Resident
  • Deferment of payment consideration

Reporting Compliances

 

Session 2: ODI regulations- Investment Routes

  • Eligible Investors and General Prohibition
  • Direct Investments Abroad by
       - Corporates & Registered Partnership Firms
       - Individuals
  • ODI by Trust and Societies
  • Funding Mechanism
  • Valuation and Compliances
  • Restructuring of Investments
  • Exit


Liberalized Remittance Scheme – Latest Developments

 

Session 3: The New FEMA Cross Border Merger Regulations

  • Background
  • Key Provisions of the new regulations
  • Provisions related to inbound merger
  • Provisions related to outbound merger
  • Hits & Misses of the new regulations
  • Challenges merging entities may face under the new framework


Session 4: 
External Commercial Borrowings (ECB) Policy


ECB Rationalisation and Liberalisation

  • Rationalisation of all-in-cost for ECB under all tracks and Rupee denominated bonds
  • Revisiting ECB Liability to Equity Ratio provisions
  • Expansion of Eligible Borrowers’ list for the purpose of ECB
  • Rationalisation of end-use provisions for ECBs


Recent FPI Related Changes:

  • Latest change in the legal framework of FPI in debt securities
  • FPI Investments – Strict Compliance for Listed entities
Jay Gandhi
Partner
Shardul Amarchand Mangaldas & Co.

Jay Gandhi is a Partner with Shardul Amarchand Mangaldas & Co’s Mumbai office and specialises in Investment Funds, Private Equity and M&A. Prior to joining Shardul Amarchand Mangaldas, he worked at J. Sagar Associates, Advocates and Solicitors and was a partner there since 2010.


He actively represents international and domestic fund managers in relation to structuring, formation and regulation of private equity funds, hedge funds, venture capital funds, alternative investment funds and mutual funds, including India focused international funds. Jay has been involved in strategic joint ventures for setting up several funds and regularly negotiates fund documents on behalf of the GP as well as the LPs. Jay frequently advises on the nuances of a dynamic regulatory regime and evolving trends around funds, pooling vehicles and financial intermediaries in India.


He has extensive experience in cross-border and domestic mergers and acquisitions, joint ventures and corporate restructuring, with a particular focus on private equity transactions. He has represented international and domestic funds as well as promoters and the target companies in all forms of private equity deals, ranging from venture capital investments to complex leveraged buy-outs. Jay has been involved in several marquee private equity and M&A transactions across various sectors like financial services, real estate, retail and industrial and manufacturing.


Sharanya G Ranga
Partner
Advaya Legal

Sharanya is a corporate and commercial lawyer advising on India entry strategies, foreign direct investment, M & A and joint ventures. Transactional work is largely on angel and venture capital investments with a focus on emerging companies in the technology and internet sectors. I also frequently advise companies on labour and employment issues, specifically focussing on anti-harassment law. 

He core competence is in her ability to assess issues from a holistic perspective ranging from general corporate and commercial laws, employment, intellectual property, anti-corruption and exchange control aspects. 

She is passionate about the start-up ecosystem in India and work across the spectrum with investors and founders besides mentoring entrepreneurs regularly.


Anish Mashruwala
Partner
J. Sagar Associates

Anish focuses on Banking & Finance, Investment Funds, Financial Services and Cross Border Investments & Acquisitions. He has extensive international experience in Banking & Finance related transactions and in particular Structured Finance, Securitisation and Derivatives and all manner of Bank Lending (secured, limited recourse and syndicated). His practice also covers Security creation, Unlisted Debt and General Banking Products.

In addition, Anish has extensively advised Europe’s leading private clearing company on all issues concerning its payment / cash settlement systems in Europe.

Prior to joining JSA, Anish was a Senior Associate with Hengeler Mueller, Germany’s premier Law Firm. He also worked in the United States as an Associate with Thompson Hine LLP in their Washington D.C. office.


Rajesh Begur
Founder & Managing Partner
ARA Law

Rajesh Begur is the founder and managing partner of ARA LAW. He is one of India’s leading corporate lawyers whose career spans over two decades of practice experience. Rajesh provides counsel and representation to a broad base of domestic and international clients on a range of corporate areas encompassing Mergers & Acquisitions, Private Equity, Infrastructure, Real Estate, Capital Markets, Banking and Finance and Telecom Media and Technology. He is known for the breadth of experience, insight and perseverance required to handle complex and challenging legal, regulatory and business transactions. He is recognized as one of the prominent lawyers in the legal arena for his Mergers & Acquisitions and Private Equity practice. He has been acclaimed and is well known for his acumen, knowledge and experience on mutual fund regulations. Rajesh’s specialties include:

  • Private Equity & Mergers & Acquisitions,
  • Capital Markets,
  • Banking and Finance,
  • Telecom, Media and Technology.

Hotel Goldfinch
Plot No. 34/21, Central Road, MIDC, Andheri East, Mumbai
022 6688 0909
Get Direction

Registration FeesINR 8,500 + 18% GST per delegate

Group Discount: 10% Discount on a Group of 2 or more Delegates

Note: The fees would include Course Material and Lunch & Refreshments at the Hotel


Payment Details:

Cheque/DD: Cheque/DD to be drawn in favour of E Watch Media and Learning Solutions LLP

Please courier the cheque to: B-106, Sector 65, Noida 201301, UP, India


Bank Details for NEFT/RTGS/Cash Deposit   

Bank Name

HDFC Bank

Beneficiary Name

E Watch Media and Learning Solutions LLP

Current Account No

50200010658471

IFSC Code

HDFC0002649

Brach Name

Sector 62 Noida


For Credit Card Payment:
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For any other information, please contact
Biplab SenGupta
Mob: +91- 8130826342

Email: training@corpkonnect.com  
Website: www.corpkonnect.com