FEMA 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.
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:
- Company Secretaries
- Finance and Accounts Executives
- Corporate/General/In-house Counsel
- Commercial and Investment Bankers
- Foreign Exchange Dealers
- Chartered Accountants
- Investment Trusts
Session 1: Session 1: Exchange Management Act 1999
- An Introduction to FEMA Legislation
- FEMA Structure
- Types of Transaction
- Residential Status
- Recent Amendments
Inbound Investments: LO/BO/PO
- Who can set up
- Permissible Activities
- Bank Accounts and Repatriation of Profits
- Criteria of considering Permission by RBI
- Documents to file
- Expansion/Additional Activity
- Case Studies
Session 2: ODI regulations- Investment Routes
- Eligible Investors and General Prohibition
- Direct Investments Abroad by
- Corporates & Registered Partnership Firms
- ODI by Trust and Societies
- Funding Mechanism
- Valuation and Compliances
- Restructuring of Investments
- Liberalized Remittance Scheme
- Case Study Analysis
Session 3: Foreign Direct Investments (FDI)
- Entry Routes and eligible Entities
- Sectoral analysis (Restricted, Prohibited & Permitted)
- Eligible Investors and prohibitions
- Eligible Instruments for Investment and pricing
- Reporting and Remittance
- Enforceability of Share Transfer Restrictions
- Regulatory Background and Past challenges
- Recent Developments
- Issues from FDI Perspective
- Other recent developments from Finance Bill 2017
Indirect Foreign Investments
- Downstream Investments
- Transfer of Shares
- Round Tripping
- Case Study Analysis
Session 4: External Commercial Borrowings
- Eligible Borrowers and Lenders
- Routes of availing ECBs
- Permitted and Prohibited End Use
- Repayment and Refinancing
- Parking of ECB Proceeds Overseas
- Conversion of ECB into Equity
- Procedure and Compliance
- Structured Obligation
- Other Instruments that require Compliance with ECB norms
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.
Sudit K. Parekh & Co.
Manish Shah is a Partner with Sudit K. Parekh & co. and heading the Direct tax practice. His core expertise lies in International and Domestic taxation, Due-Diligences, Transaction support and Advisory services for clients including manufacturing, services and information technology and Representations in tax matters at appellate, tribunal and High Court and Supreme court levels.
With an experience of over 20 years, he brings to each assignment his intuitive insights and sound knowledge of the Indian Tax Regulations. He has served various domestic and foreign clients with complex transaction support and advisory requirements. He has represented clients’ from various sectors for tax matters at the Appellate, Tribunal and Court (upto Supreme Court) level. He handles foreign clients having turnkey projects, infrastructure projects and having permanent establishments in India.
He is qualified Chartered Accountant from Institute of Chartered Accountants of India (ICAI). He is a frequent speaker at various forums, including Study circle meetings, the Institute of Chartered Accountants of India, conferences, meetings, deliberations, etc.
Cyril Amarchand Mangaldas
Yashojit Mitra is a partner at Cyril Amarchand Mangaldas’, Mumbai office. He has over 13 years of experience in managing mergers, acquisitions, foreign investments and private equity transactions. He regularly advises international and local clients on inbound investments into India and outbound investments from India. He also has experience rendering advisory services to clients in connection with legal issues pertaining to company law, securities laws, exchange control laws and other related enactments.
After graduating from St. Xavier’s College, Calcutta, he earned his law degree from the University of Pune, where he was a gold medallist and ranked first. Yashojit has successfully taken the Qualified Lawyers Transfer Test and is admitted to practice in the courts of India, England and Wales. He has been named as a recommended lawyer by ‘Legal 500’ for transactions relating to investment funds.
Yashojit has acted on a number of landmark transactions, including advising the Adani group in their joint venture with CMA CGM, for managing and operating a container terminal in Mundra Port. He has also recently advised Bradken Limited, a global mineral processing company, in their recent acquisition of a foundry unit in Coimbatore, Tamil Nadu from L&T Limited. He also regularly advises leading solar power companies in their various acquisitions in India.
Economic Laws Practice
Amit Manubarwala is an Associate Partner in the Corporate & Commercial and Private Equity & Venture Capital practices of ELP. He specialises in corporate and commercial transactions, private equity investments, mergers and acquisition, business acquisition transactions and joint ventures. Amit has advised on setting up of business entities in India and represented foreign and Indian clients who require general advice on their transactions in India. He has also advised foreign multinationals clients on optimal structuring options and entry/ investment strategies for their acquisitions in India as well as Indian promoters in relation to sale of their entire business to foreign multinationals. He has advised clients across varied sectors including pharmaceutical and healthcare, IT, aviation, textile and infrastructure.
Prior to joining ELP, Amit was a Partner with Wadia Ghandy & Co, Mumbai, where he worked for a period of 9 years, specialising in transactional and advisory work in relation to private equity investments, mergers & acquisitions and joint ventures across different sectors. He was also leading the competition law practice in Wadia Ghandy & Co.
Amit is a qualified Solicitor and was admitted to the Bombay Incorporated Law Society in 2004. He graduated from the Government Law College (Mumbai University) in 2002.
Principal - International Tax
Sudit K. Parekh & Co.
Nishit Parikh is a Principal at Sudit K. Parekh & Co. Mumbai. Nishit is a Master of Commerce from Mumbai University and an associate member of Institute of Chartered Accountants of India. Nishit has over 9 years of experience in advising several domestic and international corporates on the matters relating to International Tax, FEMA and structuring of inbound & outbound investment. Nishit also has experience in handling wide range of cases at various levels. Nishit’s areas of specialization are Income Tax, International Tax treaty provisions and FEMA. Nishit has authored various articles including article on Indirect Transfer of Shares in International Taxation Journal, April 2015 issue, Article on Amendment in provisions of Section 206AA published on Taxmann, etc.
Nishit has also assisted his seniors in writing various articles and preparing for variouspresentations on varied tax issues.Nishit has also spoken on Overseas Direct Investment at the Intensive Study Course on FEMAconducted by The Chambers of Tax Consultants in April 2014 and on Taxation of Fees for Technical Services & Royalties at Workshop on International Taxation and FEMA conducted by Navi Mumbai Branch of WIRC of ICAI in November 2014.
International Airport Approach Road, Next to Leela, Marol, Andheri (E), Mumbai
Registration Fees: INR 8,500 + 15% Service Tax per Delegate
Avail 10% early bird discount on 2 or more registrations till 16th June 2017
The fees would include Course Material, Participation Certificate and Lunch & Refreshments at the Hotel
Modes of Payment and Registration
Online Registrations through Credit/Debit Card : Click Here
For Offline registration through Cheque/DD/ and NEFT: Please contact the below mentioned:
Mob No: 8130826342