Assistant Manager(Forex) 2021-22 Manager(Forex) and FERA

Manager(Forex) and Assistant Manager(Forex) 2021-22

FERA to FEMA

1 All ixamBee Mock Test are FREE @ www.ixamBee.com


• 1973• 81Sections• Repealed in

1998

FERA• 1999• 49 Sections• Active

FEMA

All ixamBee Mock Test are FREE @ www.ixamBee.com


Need for FERA

Devaluation of currency

Increase in Price of Imported Oil

Trade Deficit Foreign Exchange

Reserves of the Country were very low


Objectives of FERA

❑ To prevent outflow of Indian Currency❑ To regulate the transaction directly or indirectly affecting foreign

exchange❑ To regulate import and export of currency and bullion❑ To regulate employment of foreign nationals❑ To regulate foreign companies❑ To regulate acquisition, holding etc of immovable property in India

by non-residents❑ To regulate and control balance of payments❑ To conserve foreign exchange resources for the country


FERA to FEMADraconian

Law

Strict Law- Criminal Offence

FlourishingBlack

MarketBalance of Payment

crisis

LPG Policy1991

Influx of Foreign Trade

Regulation to Management


Objectives of FEMA

❑ Consolidation and amendment of the laws relating to the foreign exchange

❑ Facilitation of external trade and payments❑ Promoting the orderly development and maintenance of foreign

exchange market in India❑ To control and direct the employment business and investment of

the non-residents.❑ To utilise the foreign exchange resources effectively for the

country.



Live sessions at ixamBeeS. No. Date Topic

1 01-Sep-21 Fundamentals of Forex

2 02-Sep-21Overview of Overview of Forex business in India and role of RBI, FEMA, FEDAI, Govt.

3 05-Sep-21 Intro to FEMA; FERA vs. FEMA4 07-Sep-21 Important sections of FEMA

5 08-Sep-21Forex Facilities for Resident Indians - Travel and non travel remittances and LRS

6 09-Sep-21Forex Facilities for Resident Indians - various Foreign currency accounts in India/abroad

7 12-Sep-21Forex Facilities for NRIs - Deposit schemes. NRE, NRO and FCNR accounts

8 14-Sep-21 Forex Facilities for NRIs - Loan for NRIs

9 15-Sep-21Forex Facilities for NRIs - Investment and other Facilities for NRIs

10 16-Sep-21 Import of goods and services, Export of Goods and services


Live sessions at ixamBeeS. No. Date Topic

11 19-Sep-21 ECBs

12 21-Sep-21Investments in India by Non-Resident Corporate / FIIs/other entities

13 22-Sep-21Purchase of Equity Shares and Convertible Debentures and other securities issued by an Indian Company

14 23-Sep-21Investment by Registered Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme

15 26-Sep-21Documentary credits and standby credits: ICC guidelines, UCP600 etc

16 28-Sep-21

Export Finance : Various finance available by way of Pre shipment, Post shipment finance in Rupees and Foreign currency

17 29-Sep-21 International Factoring, Forfaiting 18 30-Sep-21 ECGC and EXIM Bank19 03-Oct-21 Foreign Trade Policy20 05-Oct-21 Numerical


Expert Faculty for Forex

• Ex-Manager, RBI • 30 years of experience in RBI across

departments• 5+ years of teaching experience in

banking, trade finance and forex

Mr. Shankar Nagarajan


Documents

Assistant Manager(Forex) 2021-22 Manager(Forex) and FERA