FEMA administration- Prospects and Challenges (Address by Mr. G Padmanabhan, Executive Director at the Seminar organised by Kuwait/Muscat Chapter of Institute of Chartered Accountants of India on August 3/5, 2014)

FEMA administration- Prospects and Challenges (Address by Mr. G Padmanabhan, Executive Director at the Seminar organised by Kuwait/Muscat Chapter of Institute of Chartered Accountants of India on August 3/5, 2014) https://www.taxtmi.com/news?id=13254 The Foreign Exchange Management Act framework facilitates external trade and payments while managing the capital account cautiously to prevent destabilising short term flows. Policy preferences favour long term, stable investment such as foreign direct investment, with sectoral caps and automatic or approval routes; portfolio investment is constrained by single investor and aggregate limits and valuation/exit rules for unlisted equity have been liberalised to permit internationally accepted arm's length methodologies. Debt flows are steered toward long dated instruments through limits and maturity requirements; overseas investment and NRI/PIO access are permitted subject to specified asset exclusions, funding channels and compliance obligations. en-us Thu, 07 Aug 2014 16:57:24 +0530 Thu, 07 Aug 2014 16:57:24 +0530 TaxTMI RSS Generator FEMA administration- Prospects and Challenges (Address by Mr. G Padmanabhan, Executive Director at the Seminar organised by Kuwait/Muscat Chapter of Institute of Chartered Accountants of India on August 3/5, 2014) https://www.taxtmi.com/news?id=13254 The Foreign Exchange Management Act framework facilitates external trade and payments while managing the capital account cautiously to prevent destabilising short term flows. Policy preferences favour long term, stable investment such as foreign direct investment, with sectoral caps and automatic or approval routes; portfolio investment is constrained by single investor and aggregate limits and valuation/exit rules for unlisted equity have been liberalised to permit internationally accepted arm's length methodologies. Debt flows are steered toward long dated instruments through limits and maturity requirements; overseas investment and NRI/PIO access are permitted subject to specified asset exclusions, funding channels and compliance obligations. News - Thu, 07 Aug 2014 16:57:24 +0530 https://www.taxtmi.com/news?id=13254