FEMA Compounding Orders A Comprehensive Analysis - Volume 2
- Year of Publication: 2020
- Edition: 2nd
- ISBN: 978-93-54351-99-0
- No.of Pages: 467
The Foreign Exchange Management Act, 1999 (FEMA) was enacted with a view to smoothen management of the external trade and its resultant receipts, payments, acquisitions and like administration. In May 2016, RBI implemented a decision to undertake public disclosure of all the compounding orders passed by it, to ensure transparency and greater disclosure. The concept of compounding of orders and its significance has been misconstrued. The entire process of compounding of offences may seem intimidating and confusing owing to the ever-changing landscape.
The Book provides a comparative analysis of the regulations and corresponding often revised FEMA notifications for the contravened provisions while undertaking a detailed analysis of the RBI compounding orders. The Book also analyses significant detailed compounding orders passed by the RBI and comprehensively covers all compounding orders passed by the RBI during the period under review, with a view to providing a wide and in-depth understanding of the process while dealing with the practical aspect of the same.
Harshal Bhuta is a qualified Chartered Accountant from India. He has also received an Advanced Diploma in International Taxation from the Chartered Institute of Taxation (United Kingdom). He holds LL.M. (Honors) in International Tax Law from Wirtschaftsuniversität Wien, which he pursued as 2014 – FIT Scholar.
He is working with P. R. Bhuta & Co., Chartered Accountants (Mumbai, India) which is a boutique firm providing Indian Foreign Exchange Laws, International Taxation & Transfer Pricing consultancy services. He has over 10 years of varied work experience which includes advising on numerous cross border transactions. He is a regular speaker at various forums and has published a number of articles. He also conducts Masterclass on Cross-Border Transactions for training participants from corporate sector. He has served as Vice-Chairman for International Taxation Committee of The Chamber of Tax Consultants, India for the year 2019-20. He has co-authored the publication 'FEMA Compounding Orders – A Comprehensive Analysis' published by Bloomsbury India in July 2019.
Tanvi Vora is a qualified Chartered Accountant from India. She also holds a Gen. LL.B. degree from K.C. Law College (Mumbai University). She has also received an Advanced Diploma in International Taxation from the Chartered Institute of Taxation (United Kingdom). She holds an Advanced LL.M. in International Tax Law from University of Amsterdam (jointly with IBFD) and was awarded the UvA-IBFD scholarship.
She has worked as a part of a boutique firm known for providing Indian Foreign Exchange Laws, Transfer Pricing & International Taxation consultancy services with special focus on Emigrating and Immigrating Individuals. She has also worked with KPMG India in Transfer Pricing and with T. P. Ostwal and Associates, Mumbai, India. Her varied work experience includes transfer pricing compliance and consultancy of large MNEs and has also advised on numerous cross border transactions. She is serving as a convenor for the Membership and Public Relations Committee of The Chamber of Tax Consultants, India for the year 2020-21 as an honorary service. She has co-authored the publication 'FEMA Compounding Orders – A Comprehensive Analysis' published by Bloomsbury India in July 2019 and is a regular speaker at various forums and has published a number of articles.
Hardik Mehta is a qualified Chartered Accountant from India. He has also completed Certified Public Accountant (CPA (US)) examinations in 2018.
He is working as a partner with M B Nayak & Co., Chartered Accountants (Mumbai, India) which is a multi – disciplinary firm. He has over 10 years of work experience and specializes in advising clients on Exchange Control law and Regulations (FEMA), Transfer Pricing Regulations and International Tax Law. He also advises and assists Indian NRIs and subsidiaries of Indian companies in USA in filing their US Tax Returns. He regularly speaks at various study circle meetings and seminars of Bombay Chartered Accountants Society (BCAS), The Chamber of Tax Consultants (CTC) and Western Region of ICAI (WIRC). He is presently serving as managing council member and convenor of Taxation Committee of BCAS.
Bloomsbury Professional India brings out quality content on tax, accounting and law for professionals in India. Bloomsbury Professional is part of Bloomsbury, a UK based company with offices in London, Oxford, New York, Sydney and New Delhi. The New Delhi based office of the publisher, have over the past few years of operations in India, brought out several market leading books and aims to be the first choice of professionals.
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- Year of Publication: 2020
- Edition: 2nd
- ISBN: 978-93-54351-99-0
- No.of Pages: 467
The Foreign Exchange Management Act, 1999 (FEMA) was enacted with a view to smoothen management of the external trade and its resultant receipts, payments, acquisitions and like administration. In May 2016, RBI implemented a decision to undertake public disclosure of all the compounding orders passed by it, to ensure transparency and greater disclosure. The concept of compounding of orders and its significance has been misconstrued. The entire process of compounding of offences may seem intimidating and confusing owing to the ever-changing landscape.
The Book provides a comparative analysis of the regulations and corresponding often revised FEMA notifications for the contravened provisions while undertaking a detailed analysis of the RBI compounding orders. The Book also analyses significant detailed compounding orders passed by the RBI and comprehensively covers all compounding orders passed by the RBI during the period under review, with a view to providing a wide and in-depth understanding of the process while dealing with the practical aspect of the same.
Harshal Bhuta is a qualified Chartered Accountant from India. He has also received an Advanced Diploma in International Taxation from the Chartered Institute of Taxation (United Kingdom). He holds LL.M. (Honors) in International Tax Law from Wirtschaftsuniversität Wien, which he pursued as 2014 – FIT Scholar.
He is working with P. R. Bhuta & Co., Chartered Accountants (Mumbai, India) which is a boutique firm providing Indian Foreign Exchange Laws, International Taxation & Transfer Pricing consultancy services. He has over 10 years of varied work experience which includes advising on numerous cross border transactions. He is a regular speaker at various forums and has published a number of articles. He also conducts Masterclass on Cross-Border Transactions for training participants from corporate sector. He has served as Vice-Chairman for International Taxation Committee of The Chamber of Tax Consultants, India for the year 2019-20. He has co-authored the publication 'FEMA Compounding Orders – A Comprehensive Analysis' published by Bloomsbury India in July 2019.
Tanvi Vora is a qualified Chartered Accountant from India. She also holds a Gen. LL.B. degree from K.C. Law College (Mumbai University). She has also received an Advanced Diploma in International Taxation from the Chartered Institute of Taxation (United Kingdom). She holds an Advanced LL.M. in International Tax Law from University of Amsterdam (jointly with IBFD) and was awarded the UvA-IBFD scholarship.
She has worked as a part of a boutique firm known for providing Indian Foreign Exchange Laws, Transfer Pricing & International Taxation consultancy services with special focus on Emigrating and Immigrating Individuals. She has also worked with KPMG India in Transfer Pricing and with T. P. Ostwal and Associates, Mumbai, India. Her varied work experience includes transfer pricing compliance and consultancy of large MNEs and has also advised on numerous cross border transactions. She is serving as a convenor for the Membership and Public Relations Committee of The Chamber of Tax Consultants, India for the year 2020-21 as an honorary service. She has co-authored the publication 'FEMA Compounding Orders – A Comprehensive Analysis' published by Bloomsbury India in July 2019 and is a regular speaker at various forums and has published a number of articles.
Hardik Mehta is a qualified Chartered Accountant from India. He has also completed Certified Public Accountant (CPA (US)) examinations in 2018.
He is working as a partner with M B Nayak & Co., Chartered Accountants (Mumbai, India) which is a multi – disciplinary firm. He has over 10 years of work experience and specializes in advising clients on Exchange Control law and Regulations (FEMA), Transfer Pricing Regulations and International Tax Law. He also advises and assists Indian NRIs and subsidiaries of Indian companies in USA in filing their US Tax Returns. He regularly speaks at various study circle meetings and seminars of Bombay Chartered Accountants Society (BCAS), The Chamber of Tax Consultants (CTC) and Western Region of ICAI (WIRC). He is presently serving as managing council member and convenor of Taxation Committee of BCAS.
Bloomsbury Professional India brings out quality content on tax, accounting and law for professionals in India. Bloomsbury Professional is part of Bloomsbury, a UK based company with offices in London, Oxford, New York, Sydney and New Delhi. The New Delhi based office of the publisher, have over the past few years of operations in India, brought out several market leading books and aims to be the first choice of professionals.
