| 1 |
Global Forex Systems & Macro Economics |
- Fundamentals of FOREX & global currency dynamics
- Exchange rate systems (Fixed, Floating, Pegged, Managed)
- Role of International Financial Institutions (IMF, World Bank, BIS)
- Macroeconomic drivers, Purchasing Power Parity (PPP), and Interest Rate Parity (IRP)
|
3 Hours |
| 2 |
FOREX Markets, Instruments & Treasury |
- Interbank & retail forex market structures, spot vs. forward markets
- Derivatives overview: Forwards, Futures, Currency Options, and Swaps
- Treasury operations: Nostro, Vostro, Loro accounts & rate quotations
|
3 Hours |
| 3 |
FOREX Risk Management & Hedging |
- Types of exposures: Transaction, Translation, and Economic risk
- Internal hedging techniques (Netting, Matching, Leading/Lagging)
- Derivative hedging strategies (Option Spreads, Cross-Currency Swaps, Collars)
- Practical case studies on corporate currency risk management
|
3 Hours |
| 4 |
Statutory Framework of FEMA 1999 |
- Transition from FERA 1973 to FEMA 1999
- Statutory hierarchy: Act, Rules, Regulations, Master Directions, Press Notes & Circulars
- Core legal definitions: PRII vs. PROI classifications
- Current Account vs. Capital Account transactions framework
|
3 Hours |
| 5 |
Retail Forex, Remittances & NRI Rules |
- Liberalised Remittance Scheme (LRS) caps, rules & asset purchases abroad
- Non-Resident bank accounts: NRE, NRO, FCNR, RFC, and EEFC account operations
- Acquisition, holding, and transfer of Indian immovable property by NRIs/OCIs
- Remittance of asset balances under the USD 1 Million Scheme
|
3 Hours |
| 6 |
Foreign Direct Investment (FDI) |
- FDI framework: Automatic vs. Government routes, sectoral caps & valuation rules
- Direct equity investments in Indian Companies, LLPs, and Foreign Subsidiaries
- Non-repatriable investment structures and non-corporate FDI
|
3 Hours |
| 7 |
Downstream FDI & Offshore Entities |
- Downstream investments, Foreign Portfolio Investments (FPI), and InvITs
- FDI in Partnership Firms and Sole Proprietorships
- Establishment of Branch Offices (BO), Liaison Offices (LO), and Project Offices (PO) in India
- Depository Receipts (ADR/GDR) and FCRA overlap
|
3 Hours |
| 8 |
Overseas Direct Investment (ODI) |
- Foreign Exchange Management (Overseas Investment) Rules & Regulations
- Overseas Direct Investment (ODI) & Overseas Portfolio Investment (OPI) limits
- Overseas acquisition of foreign securities & special facilities for returning NRIs
|
3 Hours |
| 9 |
External Commercial Borrowings (ECB) & Debt |
- Foreign currency debt: ECB framework under Automatic and Approval routes
- Trade Credits: Suppliers' Credit, Buyers' Credit, and all-in-cost ceilings
- Rupee debt borrowing/lending regulations between residents and non-residents
|
3 Hours |
| 10 |
EXIM Trade Compliances & Special Regimes |
- Import/Export procedures, trade finance basics, EDPMS & IDPMS tracking systems
- GIFT City & IFSC framework: Setting up entities, regulations & sandbox benefits
- Cross-border guarantees under FEMA: Bank, corporate, and personal guarantees
- Anti-avoidance regulations: Round Tripping structures & Tax Havens
|
3 Hours |
| 11 |
Regulatory Architecture & Auditor Role |
- Statutory roles of Ministry of Finance, DEA, RBI, and Authorised Dealer (AD) Banks
- Auditor obligations: Statutory, internal, and secretarial audit verification under FEMA
- Issuer responsibilities for issuing CA certificates (Form FC-GPR, FC-TRS, FLA, ECB returns)
|
3 Hours |
| 12 |
Compliance Portals, Penalties & Compounding |
- Online reporting mechanisms: FIRMS portal, Single Master Form (SMF), FLA returns
- Contraventions & statutory penalties: Technical vs. Substantive contraventions
- Compounding proceedings: RBI compounding rules, fee calculations & application drafting
|
3 Hours |
| 13 |
Appeals, ED Proceedings, Ethics & AI Tools |
- Drafting replies, notices, appeal documentation & mock representations
- Directorate of Enforcement (ED): Statutory powers, investigation handling & case studies
- Professional ethics, practice expansion, and applying Artificial Intelligence (AI) tools in FEMA compliance
|
4 Hours |
